International Accounting Standards Board chairman Hans Hoogervorst has admitted weaknesses in accounting standards allowed banks to hide losses and front-load profits in the run up to the financial crisis.
Hoogervorst told the Parliamentary Commission on Banking Standards Joint Committee that changes to the rules would mean banks would have to provide between 30% and 100% more than at present against expected...
Almost all listed asset managers have now signed up to the transparency code that launched 12 months ago to help local government funds get better cost data, writes Stephanie Baxter
This week's top stories include MPs questioning the regulator's leadership in a letter to the watchdog's chairman, and FTSE 100 schemes post accounting surplus for first time in decade.
While the majority of UK's largest pension funds have taken action on climate change, parliament says there are still some that are failing to manage their schemes responsibly.
Master trusts will have just one chance to demonstrate to The Pensions Regulator (TPR) that they should be authorised under the upcoming regime, the watchdog has said.