Risk has been a key watchword in the banking industry over the past 18 months, but accountants and regulators are at loggerheads over the idea of introducing sector-specific accounting standard
City firms would rather absorb the cost of Alistair Darling's 50% windfall tax than cut back on staff bonuses this year, according to recent reports.
This week the government doubled its investment in bailing out the already part nationalised RBS and Lloyds Banking Group, injecting a further £37bn into the ailing banks.
The major accounting bodies were unimpressed with the Walker Review into corporate governance failures in the UK banking sector, arguing that the proposed changes do not go far enough.
SMEs will have to pass more rigorous tests to demonstrate their creditworthiness in future, and accountants will have a crucial part to play in influencing lender decision making, according to a gl
A severe clampdown on bankers’ pay should be reinforced with the threat of sanctions, warned ministers from the European Union at this week’s G20 summit.
The consultation on the banking code of practice is almost at an end, and the Panorama programme on BBC 1 last night couldn’t have come at a worse time for those in the banking sector.