Recent news
UKEB are assessing IFRS 17 Insurance Contracts for adoption in the UK under its endorsement criteria implemented on exiting the EU. While insurance companies desperately need accounting standards to stop them flattering their accounts, UKSA and ShareSoc are not convinced that IFRS 17 meets UKEB’s endorsement criteria.
The FCA has published this alert at London Capital and Finance plc | FCA.
The FCA warns that some investors have received unsolicited calls, emails and other correspondence seemingly to be from, or be assisting, the LCF administrators. The communications claim to be about dividend payments or compensation on investments.
We register our deep concern about the suggestions in this consultation paper. Why?
To improve disclosures, the International Accounting Standards Board (IASB) has developed guidance it will apply when developing and drafting disclosure requirements in IFRS Standards.
The IASB has applied its new guidance in its proposed amendments to the disclosure sections of IFRS 13 Fair Value Measurement and IAS 19 Employee Benefits. It…
In a letter to UK bank chief executives, the BoE said its analysis of the circumstances of the Archegos failure had found “significant cross-firm deficiencies” in the way bank prime brokerage businesses allowed the fund to build up huge loans that it ultimately defaulted on.
Interesting. How often have we been told that the great clean-up after…
Charles Henderson's appointment represents a significant step for private investors, endorsing UKSA's influence in support of their rights.
An initiative by Dean Buckner’s UKSA policy team exposing weaknesses in Bain Capital’s bid for LV was sent to the FCA and picked up by the national press. The members rejected the bid by the small margin of 6%.
Speaking after the vote, Dean Buckner said:
A welcome move by the International Accounting Standards Board (IASB) to discourage the use of all the waffle in the narrative sections of the annual report. But will it work…?
IASB/IFRS Exposure Draft (ED2021/6) have produced a revised practice statement for preparers of the Management Commentary.
What is the Management Commentary?
We all agree to having a healthy business environment. So why water down measures that would reduce the risk of fraud and mis-statements?
The ruling is a travesty because the judge has ignored or misunderstood the points made by Dr Dean Buckner (policy director, UKSA) and Professor Ken Dowd, Durham University.
The Campaign.
UKSA has been supporting PAC policyholders who object to ‘Part VII’ process of transferring insurance obligations from Prudential to Rothesay Life. …
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