Link: IAS39 to be replaced
The bank’s finance director, Douglas Flint, told the FT HSBC could cope with the IASB’s derivative rules, adding that the bank would use all the rules put out by the IASB as it ‘wanted to be on international accounting standards’.
HSBC said it would adopt the rules even if the European Commission rejects them.
Its stance could force rival banks, who have vehemently opposed IAS39, to follow suit.
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.