Views on improving the integrity of global capital markets

Vincent Papa, PhD, CPA, FSA, CFA

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52 Posts

Biography

Vincent Papa, PhD, CPA, FSA Credential, CFA, is director of financial reporting policy at CFA Institute. He is responsible for representing the interests of CFA Institute on financial reporting and on wider corporate reporting developments to major accounting standard setting bodies, enhanced reporting initiatives, and key stakeholders. He is a member of ESMA’s consultative working group for the Corporate Reporting Standing Committee, EFRAG user panel, and a former member of the IFRS Advisory Council, Capital Markets Advisory Committee, and Financial Stability Board Enhanced Disclosure Task Force. Prior to joining CFA Institute, he served in investment analysis, management consulting, and auditing roles.

Author's Posts
Top-Line Watch: Investor Wherewithal Required to Monitor Revenue Reporting

Our study, “Watching the Top Line: Areas for Investor Scrutiny on Revenue Recognition Changes,” will help investors know what warrants closer analysis.

EU Adoption of International Financial Reporting Standards: Beneficial for Member States?

Vincent Papa, CFA, offers insights on a European Commission report and an international panel’s review on IFRS suitability.

Evidence Shows Investors Should Benefit from Lease Obligations Capitalization

Findings in a recently published academic research paper align with our member survey results, and support IASB and FASB proposals to update their lease accounting standards.

OCI Study: Understanding Bank Performance, Risk Through “Forgotten” Income Statement

With banks’ earnings season in full swing and the looming threat of rising interest rates, a critical question remains: How effectively are investors monitoring bank performance and risk?

Bank Risk-Weighted Assets: How to Restore Investor Trust

Investors are hindered by limited comparability and disparities in risk-weighted assets across countries and banks.

European Bank Asset Quality Review: What We Now Know and Unanswered Questions

Initial assessment of results confirms that EU bank balance sheets were overvalued in recent years because of delayed loan write-downs.

A Fuller View: Information to Assess Derivatives Credit-Risk Exposures in Banks

Assessing derivatives exposures can be challenging because of incomparable, incomplete, and fragmented disclosures within financial reports.

Will EU Bank Asset Quality Review Boost Transparency, Investor Confidence?

Bank investors and other industry watchers are eagerly awaiting the findings, due in October.

The Great Unwind: What Will Rising Interest Rates Mean for Bank Risk Exposures?

Low interest rates can’t last forever, and growing research predicts rising rates will strain bank profitability and capital levels.

Enhanced Disclosures Necessary for Investors to Compare Bank Balance Sheets across Countries

New CFA Institute study finds key differences in how banks disclose fair values of loans and write off bad or “impaired” debt across the EU, US, Japan, Canada, and Australia

New Revenue Recognition Accounting Standard: What Investors Need to Know

New revenue recognition rules will bring sweeping changes to company accounting practices and create a learning curve for investors.

What Has the Financial Crisis Taught Us about Bank Performance Reporting?

The financial crisis provided a watershed moment for enhancing the transparency of banks.

Private Company Financial Reporting: Dissecting Investor Concerns (Podcast)

Examining FASB’s effort to develop separate accounting standards for private companies from an investor perspective.

CFA Institute Supports Balance Sheet Recognition of Leases

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.

Assessing Financial Reporting Transparency of Securitization Transactions

The financial crisis highlighted a range of shortcomings associated with the recognition, measurement, and disclosures of transferred financial assets, including those involving securitized assets.



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