The chancellor has said a Treasury paper on financial regulation will call
for a single set of accounting rules to help the government see what risks banks
Alistair Darling said that this was a key part in building trust in the
banking system, and harnessing the strengths of the financial services sector
for the benefit of society.
‘I will shortly publish a Treasury paper with my recommendations for
wide-ranging reform,’ the chancellor said.
‘They will propose action to reform corporate governance and remuneration at
banks to avoid undue risk taking.’
To improve regulation of capital and liquidity so banks do not over-extend
To increase transparency, to achieve a single set of accounting rules – so
that we can see the risks banks are taking.’
Improvements to cashflow statements are being targeted in a consultation launched by the Financial Reporting Council (FRC)
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Dr Richard Willis provides a several thousand-year history lesson of the profession, from origin to modern-day
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season