As part of its objective to deliver accounting standards that are useful to investment decision making, the International Accounting Standards Board (IASB)/International Financial Reporting Standards (IFRS) Foundation has expanded outreach to investors. This includes establishing the IFRS Education Initiative and appointing Fred Nieto, a former sell-side equity analyst, as its investor education manager.
In an interview with Vincent Papa, PhD, CFA, director of financial reporting policy at CFA Institute, Nieto discusses the goals, priorities, and intended outreach of the investor education initiative.
Sandy Peters, CFA, is head of financial reporting policy and serves as spokesperson for CFA Institute to key financial reporting standard setters including the IASB, FASB, and the US Securities and Exchange Commission. She holds the Certified Public Accountant (CPA) designation.
Goldman Sachs has brought to NYSE Arca an exchange-traded fund that buys investment-grade corporate bonds with maturities of no more than five years. The Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF seeks to replicate the performance of the FTSE Goldman Sachs US Investment-Grade Corporate Bond 1-5 Years Index. ThinkAdvisor (free registration) (09 Jul.)
US midsize banks preparing to phase out Libor are showing a preference for the American Interbank Offered Rate, an unsecured overnight rate, rather than the Secured Overnight Financing Rate, which the Alternative Reference Rates Committee favors. The banks say Ameribor relates more closely to their cost of funds. Practice Insight (09 Jul.)
German authorities are investigating allegations that executives at insolvent payment processor Wirecard have been involved in money laundering. This adds to several German and US inquiries into the firm's activities. The Wall Street Journal (tiered subscription model) (09 Jul.)
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.