Category Archives: Financial Institutions – International

This worry…

“Shocking stock drop” by Yan Barcelo, CPA Magazine, March, 2016, p. 6: The International Monetary Fund says Eurozone banks have seen their bad debts double since 2009, Zonebourse.com reports. But the problem is particularly acute in Italy, which experienced an … Continue reading

Posted in Financial Institutions - International | Leave a comment

Confidence

Beginning to make more sense now. Why investors initially complained that International Financial Reporting Standards were causing banks to recognize losses too quickly and then, after this was changed, complained that International Financial Reporting Standards caused banks to recognize losses … Continue reading

Posted in Financial Institution Failures, Financial Institutions, Financial Institutions - International, Great Britain, International Accounting Standards | Leave a comment

markalossmark

Some rough understanding or recollection. So U.S. banks objected to writedowns based on mark-to-market accounting, and were accorded some flexibility in that regard by the Financial Accounting Standards Board. Then European banks objected to similar provisions established by the International … Continue reading

Posted in Accounting Issues, Financial Institution Failures, Financial Institution Regulation, Financial Institutions, Financial Institutions - International | Leave a comment

Prudent Illusion

(In October, 1931), an Order in Council authorized banks to value securities, stock and bonds, at the lower of book value or market price on Aug. 31, 1931 effectively setting a floor under market values. L. Kryzanowski and G.S. Roberts, … Continue reading

Posted in Accounting Issues, Financial Institutions - International, International Accounting Standards | Leave a comment

Mythical II

Canada has made a turn on the road to accounting standards. For the past decade, that road had been converging with the US, but Canadian financial reporting is now on its way to joining the rest of the globe since … Continue reading

Posted in Academic History, Accounting Issues, England, Financial Institution Failures, Financial Institutions - International | Leave a comment

Easy Occupation

Seems that the “Occupation Movement” has gone global, with many major cities targeted. Set up in the park, protest the supposed 1% greed, with everyone else being the aggrieved 99%. Leaderless, of course. Always liked the Jagger-Richards take on such: … Continue reading

Posted in Democracy, Financial Institutions, Financial Institutions - International, Social Issues | 1 Comment

Greece: Allnight Dance Fadeout

Greece hasn’t done what it said it would do, fiscally, for at least a year and a half. Germany’s next to last move was to buy back bonds from its own banks to avoid default. Presumably Germany as the bondholder … Continue reading

Posted in European Union, Financial Institutions - International, Germany, Greece, International Financial Crisis | 1 Comment