Securities and Exchange Commission Chair Mary Schapiro tried to explode some of the “myths” about the agency’s drawn-out convergence of U.S. GAAP with International Financial Reporting Standards, insisting the SEC is committed to global accounting standards and not simply protecting America’s “parochial” interests.
The staffs of the Securities and Exchange Commission and the Commodity Futures Trading Commission today released the preliminary findings in their review of the unusual market events on May 6.
The Securities and Exchange Commission announced that in response to the market disruption of May 6, the national securities exchanges and the Financial Industry Regulatory Authority (FINRA) are filing proposed rules today under which they would pause trading in certain individual stocks if the price moves 10 percent or more in a five-minute period.
Germany hasn’t succeeded in persuasion of other countries to join the prohibition on short selling, without which it is unlikely that those measures will be effective. In is turn, the market took is as a sign of further worsening of the debt crisis in Greece. The euro to dollar exchange rate reached its four-year minimum this Wednesday.
Companies look set to defy the Securities and Exchange Commission (SEC) mandate to adopt Extensible Business Reporting Language (XBRL) technology for their financial filings by 2011.
IFAC today released for comment an exposure draft (ED) setting out its proposed 2010-2012 strategy and work plan prepared by its Professional Accountants in Business (PAIB) Committee.
The European Central Bank has commenced the program to withdraw excess liquidity for 16.5 billion euro that formed after repurchasing of sovereign Eurobonds.
Finance ministers of 16 member states (the Euro Group) met this Monday in Brussels to discuss principles of implementation of the mechanism to protect financial stability in the EU – informed the European Commissioner for Economic and Financial Affairs Olli Rehn.
