Tag: International Financial Reporting Standards (IFRS)

July 17, 2017 BY Valentina Kirilova

FSB welcomes new insurance accounting

On 18 May, the International Accounting Standards Board (IASB) issued International Financial Reporting Standards (IFRS) 17, setting out a single, consistent approach to the accounting for insurance contracts. The Financial Stability Board (FSB) welcomed the final publication of this standard, which was identified as a high priority at the FSB Plenary meeting of 25 September…

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August 04, 2016 BY Valentina Kirilova

Moscow exchange reports Q2 results, operating income is up 6.2%, net profit grows by 6.8% YoY

Moscow Exchange, or Moskovskaya Birzha OAO (MCX:MOEX) has announced its financial results under International Financial Reporting Standards (IFRS) for the second quarter 2016. Earnings growth was supported by an increase in fee and commission income from all trading markets across the Exchange's diversified business, particularly the Derivatives, Fixed Income and Money Markets. Key financial highlights for…

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July 28, 2016 BY Valentina Kirilova

ESMA publishes extract on enforcement decisions on financial statements

The European Securities and Markets Authority (ESMA) has published an extract from its confidential database of enforcement decisions on financial statements. The extract includes a selection of 12 decisions that were taken by national enforcers in the period from February 2014 to April 2016. ESMA is publishing extracts from its confidential database of enforcement decisions…

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