HMT is conducting a consultation on the European Commission's proposal for a Payment Services Directive, which was adopted by the European Commission on 1 December 2005. The European Commission believes that the development of a well functioning internal market in payment services is important to the growth and competitiveness of the European economy.
The Housing Corporation introduced its treasury management policy for housing associations in 1999. We are now consulting on a replacement of that policy. The review recognises the changes which have taken place since 1999, both in terms of the Corporation’s regulatory approach, and also the increasing financial sophistication of many associations.
The proposed rating approach is based on the underlying principle that Moody's can provide added value by making interim, reasoned rating assessments based on highly probable outcomes in cases of clear and likely event-driven risk.
This feedback statement reports on the main issues arising from Discussion Paper 05/05 (Trading transparency in the UK secondary bond markets) published in June 2005.
This paper focuses on the cash markets for bonds – both the government and non-government sectors. It does not directly consider transparency in related derivatives markets.
Implementation of the Transparency Directive / Investment Entities Listing Review
The FSA's Consultation paper 06/4 is entitled 'Implementation of the Transparency Directive / Investment Entities Listing Review'. It was published in March 2006 and the period for consultation responses closes on 30 June 2006.
This Exposure Draft contains proposals by the International Accounting Standards Board to amend IAS 32 Financial Instruments: Presentation to classify as equity financial instruments puttable at the fair value of a pro rata share of the net assets of the entity (financial instruments puttable at fair value) and instruments with obligations for a pro rata share of the net assets of the entity on its liquidation (obligations arising on liquidation), provided specified criteria are met.
Striving to be best in class Just as it is misleading to judge a company’s financial performance on a single measure such as earnings per share, so is it misguided to attempt to reduce the performa
The ACT warmly welcomes today’s issue by the Pre-Emption Group of a new Statement of Principles to replace the old pre-emption guidelines. The new Principles preserve the essential protection of shareholder pre-emption rights while building in a sensible degree of flexibility. For the first time they cover the re-sale of Treasury Shares.
