Vincent Papa, CFA, is a director of financial reporting policy at CFA Institute. He is responsible for representing the interests of CFA Institute on financial reporting proposals before the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB). Papa holds a PhD.
To address the improvements needed in lease accounting, the IASB and FASB, through a joint revised exposure draft, have proposed the capitalization of all leases with the exception of short-term and immaterial leases. Read more
The financial crisis highlighted a range of shortcomings associated with the recognition, measurement, and disclosures of transferred financial assets, including those involving securitized assets. Read more
Have the raft of regulatory proposals requiring greater use of central counterparty clearing houses enhanced risk transparency and risk management at the systemic level and within individual financial institutions? Read more