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Sunday, 21 March 2010

News Digest 20100309-20100320

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posted by Teh Loo Hai @ 3:49 PM   0 Comments Links to this post

Tuesday, 23 February 2010

News Digest 20100203-20100223

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posted by Teh Loo Hai @ 2:29 PM   0 Comments Links to this post

Thursday, 16 July 2009

Proposal to simplify IAS 39

IASB has proposed for IAS 39 to be simplified with the revision of the fair value rule. Financial instruments will classified to only 2 categories (instead of the 4 categories currently): fair value and amortised cost. There will only be 1 method for measuring impairment.

The other main change is in the area of hedge accounting.

Source: The Edge, Business Times

Updated: 22/7/2009

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posted by Teh Loo Hai @ 5:48 PM   0 Comments Links to this post

Monday, 17 November 2008

FRS 4 to take effect from Jan 2010

MASB today issued 3 new financial reporting standards (FRS) and 2 interpretations relating to financial instruments.

Among which, FRS 4 Insurance Contracts would be of interest to the insurance industry. FRS 7 Financial Instruments Disclosures would be relevant as well.

FRS 4 and FRS 7 will take effect from January 2010.

Source: The Star, MASB

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posted by Teh Loo Hai @ 9:22 PM   0 Comments Links to this post

Saturday, 25 October 2008

Mark-to-market Rules Relaxed

The mark-to-market rules have been relaxed for the banks in Malaysia. The rules no longer apply if the banks move the trading portfolios to their long-term books.

Mark-to-market rules can deplet banks' capital in credit turmoil even though the assets of banks have yet to default.

Source: The Star

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posted by Teh Loo Hai @ 12:32 PM   0 Comments Links to this post