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.
BlackRock has brought to NYSE Arca two exchange-traded funds implementing different factor-based investing strategies. The BlackRock US Equity Factor Rotation ETF uses a factor-rotation model to pick stocks, while iShares Focused Value Factor ETF focuses on value stocks. ETF Trends (21 Mar.)
A Basel Committee on Banking Supervision report estimates the Basel III output floor will result in the single largest Tier 1 capital requirement for 41.4% of European banks. The portion of banks subject to the leverage ratio is expected to decline to 37.9%, while the portion bound by risk-based capital requirements is expected to fall to 20.7%. Risk (subscription required) (21 Mar.)
The UK Financial Conduct Authority says more than 1,000 EU firms and fund managers have signed on to the temporary permissions regime before a deadline Thursday. The FCA plans to issue authorization-application dates soon, with the first expected to run from October to December and the last from January to March 2021. Finance Magnates (21 Mar.)
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