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.
Speaking at the European Investment Conference, Paul Mills of the International Monetary Fund said accommodative monetary policy has led to rising asset prices and tighter spreads across fixed income securities. Read more
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