Speaking at a New City Agenda event held in the Houses of Parliament on 16 May 2019, Sir John Kingman, the author of the independent review of the Financial Reporting Council (FRC) set out the broad range of 83 recommendations contained within the report and his expectation of future reform to implement the review.
Media reports on the deepening of mixed-ownership reform for certain State-owned banks have intensified recently, but analysts said the results of the reform remain to be seen and its pace will be slower than expected.
The speed at which Asia is creating wealth is increasing the demand for the creation of wealth management solutions and the digital revolution will change the way Asians manage their wealth, said Singapore bankers.
The IASB staff have published a document that provides an update on the most important tentative decisions reached on the Leases project during the first half of 2014. The document also explains the IASB’s reasons for reaching those decisions and the remaining work to be done in completing the project.
India and the 10-nation ASEAN are likely to sign the long-delayed free trade agreement in services and investments later this month when their economic and trade ministers meet in Myanmar.
Currently, UK VAT registered businesses making B2C sales to private individuals in another EU state will charge UK VAT at 20%. From 1 January 2015, however, all businesses will need to account for, and pay VAT to, the country where the customer is located, reports Real Business.