Global

GLOBAL - The International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) have agreed on the rapid appointment of a high-level advisory group to consider how improvements in financial reporting could help enhance...

Including: AUSTRALIA - ASIC extends ban on covered shorting; FRANCE - State injects €10.5bn into banking system; UK - Aon appoints EMEA benefit leader; GLOBAL - Rich-poor divide growing; DENMARK - Danish govt to abolish compulsory pension scheme

GLOBAL - Private equity investments have experienced sharp falls in returns over the course of the year, while equity markets may be about to bottom out and could represent value, asset managers claim.

Including: NETHERLANDS - ING requests €10bn bailout; COLOMBIA - Funds diversify through private equity; UK - IMA calls on Europe for accounting clarity; US - New Jersey to use pension to support banks; UK - Pension Corporation appoints group finance partner...

Including: US - New York signs pension anti-fraud law; GLOBAL - Markets warned to expect more intervention; US - New ERISA guidance for fiduciaries; AUSTRALIA - Sunsuper acquires former Citistreet admin business

GLOBAL - The hedge fund industry in the middle of a 'Darwinian' process which has altered the basis of the industry and radically changed the operating environment, an analyst claims.

INCLUDING: US - Committee looks at financial crisis impacts; GLOBAL - SSgA appoints global CIO; US - Hedge fund index down 6.55%

Almost a year into his post, senator Nick Sherry, Australian minister for superannuation and corporate governance, lays out the challenges facing the Labor Government

INCLUDING: UK - TPR consults on TKU; US/UK - SSgA appoints global CIO; UK - Japan equities best placed to outperform; AUSTRALIA - Russell urges investors to hold steady

GLOBAL - The International Accounting Standards Board (IASB) has issued amendments to the Financial Instruments: Recognition and Measurement (IAS 39) and Financial Instruments: Disclosures (IFRS 7) to permit the reclassification of some financial instruments....