News Centre

Irish Stock Exchange: British Bank, Sainsbury’s Bank Plc, Lists £175m Notes On GEM

Date 04/12/2017

Sainsbury’s Bank plc has listed on the Global Exchange Market (GEM) of the Irish Stock Exchange (ISE) for the first time with issuance of £175m notes. The notes, with a 6% interest rate, have a maturity date of November 2027.

Remarks Before The 2017 AICPA Conference On Current SEC And PCAOB Developments, Nigel J. James, Associate Chief Accountant, Office Of The Chief Accountant

Date 04/12/2017

What is this about?

The Monitoring Group (MG), a group of international financial institutions and regulatory bodies committed to advancing the public interest, monitors and oversees the governance structure of international audit, ethics and education standard-setting for accountants. On November 9, 2017, the MG issued a consultation paper (the Paper) for public comment that is intended to reform the international audit and ethics standard-setting model, primarily to address the perception of undue influence by the profession over the standard-setting process. 

EEX Publishes Details Regarding The Transfer Of Its Non-MTF Offer To OTF

Date 04/12/2017

On 3rd January 2018, EEX will transfer its existing Non-MTF offer to a so-called “Organised Trading Facility (OTF)” – subject to approval by the competent supervisory authority. Below you will find further details regarding the admission requirements, contract specifications and physical settlement process for OTF positions.

Remarks Before The 2017 AICPA Conference On Current SEC And PCAOB Developments, Michael P. Berrigan, Professional Accounting Fellow, Office Of The Chief Accountant

Date 04/12/2017

Introduction

Good morning and thank you for the opportunity to speak with you today.  This morning I will provide an update on the Office of the Chief Accountant’s (“OCA”) efforts with respect to implementation of the new leases standard, including my observations related to certain consultation requests received by OCA as well as some observations related to entities’ lease implementation activities.

The staff’s involvement in the implementation of the new leases standard has focused on actively monitoring implementation efforts and continued dialogue with stakeholders to discuss emerging accounting questions identified as a result of their implementation progress. Conclusions provided by OCA to date, primarily relate to scoping and transition issues. Today I’d like to share my observations on two of these consultations to illustrate the types of questions raised to OCA and how OCA has thought about the issues.

CME Group Chief Financial Officer, Global Head Of Financial And OTC Products And Senior Managing Director Of Government Relations And Regulatory Affairs To Present At Goldman Sachs Conference

Date 04/12/2017

CME Group announced today that John Pietrowicz, Chief Financial Officer; Sean Tully, Senior Managing Director and Global Head of Financial and OTC Products; and Linda Rich, Senior Managing Director of Government Relations and Legislative Affairs, will present at the Goldman Sachs U.S. Financial Services Conference in New York on Tuesday, December 5, at 1:30 p.m. (Eastern Time). 

Remarks Before The 2017 AICPA National Conference On Current SEC And PCAOB Developments - Joseph R. Epstein, Professional Accounting Fellow, Office Of The Chief Accountant

Date 04/12/2017

Introduction

Good morning. I would like to share some observations from consultations OCA has received related to the new revenue standard (“Topic 606”), including observations on the accounting for pre-production arrangements and the identification of performance obligations.

Cardano Foundation Selects Z/Yen For Blockchain Research Programme - Input From Cardano Blockchain Users Will Inform Research Priorities To Accelerate Potential Use Cases

Date 04/12/2017

Cardano Foundation, the organisation behind leading blockchain Cardano, has selected city think-tank Z/Yen Group’s Distributed Futures practice as its partner for a research programme into blockchain applications to inform and accelerate the development of the Cardano Protocol and its new cryptocurrency, Ada.

Remarks Before The 2017 AICPA Conference On Current SEC And PCAOB Developments, Ryan Wolfe, Senior Associate Chief Accountant

Date 04/12/2017

Good morning. I’m going to focus today on the importance of a robust enforcement program; as well as share some of the themes I’ve observed in working to achieve that robust program by supporting our partners in the Division of Enforcement.

‘Buyer Beware’ As Bitcoin Investors See A $2,000 Fall In 24 Hours, Observes GlobalData 

Date 04/12/2017

Bitcoin Investors had no time to count their profits as the cryptocurrency - worth a new record high of $11,395 on Wednesday 29th November 2017 - lost $2,000 in just 24 hours plunging to $9,000 on Thursday 30th November 2017, before a slight improvement by the days end. Thursday’s Bitcoin price placed the cryptocurrency’s market cap at a staggering * $189 trillion.

Remarks Before The 2017 AICPA Conference On Current SEC And PCAOB Developments, Robert B. Sledge, Professional Accounting Fellow, Washington D.C.

Date 04/12/2017

Background

Good morning, it is a pleasure to be here today. I would like to provide an update on the implementation of the new credit losses standard.

A year ago at this conference, one of my colleagues observed that the staff in the Office of the Chief Accountant (OCA) was “actively monitoring the implementation of the new credit losses standard.” Those monitoring efforts continued throughout 2017, and I was pleased to see the pace of implementation activity pick up in a meaningful manner. Stakeholders raised various interpretive questions to the FASB’s Transition Resource Group (TRG) for Credit Losses, which resulted in discussions at one TRG meeting and two FASB meetings. OCA staff also participated in many meetings with stakeholders, including individual registrants, industry groups, accounting firms, other regulators, and the FASB staff. In addition, my colleagues in OCA gave multiple speeches that addressed the implementation of the new credit losses standard.