A framework for a potential deal was arranged when senior executives from Barclays, BNP Paribas, Commerzbank and HSBC met the IASB in Rome on Wednesday and further talks are expected to take place next week, according to the Financial Times. The banks had been concerned that the new rules would stop them using derivatives for hedge accounting practices.
However it is understood that some French banks may object to the deal as they are still opposed to the principle that derivatives must be recorded at fair value on the balance sheet.
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Just one half of UK practices have implemented a pricing structure around auto enrolment implementation and advice - with many suffering increased costs
Deloitte's north-west Europe foray; BDO, Smith & Williamson investment paths; Shelley Stock Hutter; and Wilkins Kennedy discussed by editor Kevin Reed on our Friday Afternoon Live broadcast
Accountants should alter their perspective on auto-enrolment to maximise business opportunities, according to Eric Clapton.