The US Treasury has unveiled a blueprint for a new regulatory structure which
includes a Corporate Finance Regulator, who will be of interest to FDs.
The new regulator is set to have influence over the Securities and Exchange
Commission, which oversees corporate disclosures, governance, accounting,
auditing, and other issues.
Henry Paulson, US Treasury Secretary, unveiled the blueprint, which states
that ‘given the significance of financial institutions to overall financial
market stability and the importance of market discipline, enhanced public
disclosures over and above the requirements applicable to other publicly traded
companies would be important.’
Publicly held financial services companies would also have an additional
rule-maker in the form of the Federal Reserve.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements