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.
Andrew Tyrie airs views on the Finance Bill, 'Making Tax Policy Better' report, and Brexit
In our latest managing partner Q&A looking towards 2017, CVR Global's Richard Toone talks about recruitment, and the potential threat of competition from the legal sector, as key issues for the firm in the coming year
Deloitte to avoid tendering for government contracts over the next six months, to appease Theresa May following consultant's report that painted a less-than-flattering picture of Brexit plans
In our first Q&A looking towards 2017, Menzies senior partner Julie Adams flags up increasing digitisation, aligned with more hands-on consultative services, as the key mix for her practice