[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/bbcode.php on line 483: preg_replace(): The /e modifier is no longer supported, use preg_replace_callback instead
[phpBB Debug] PHP Warning: in file [ROOT]/includes/functions.php on line 4752: Cannot modify header information - headers already sent by (output started at [ROOT]/includes/functions.php:3887)
[phpBB Debug] PHP Warning: in file [ROOT]/includes/functions.php on line 4754: Cannot modify header information - headers already sent by (output started at [ROOT]/includes/functions.php:3887)
[phpBB Debug] PHP Warning: in file [ROOT]/includes/functions.php on line 4755: Cannot modify header information - headers already sent by (output started at [ROOT]/includes/functions.php:3887)
[phpBB Debug] PHP Warning: in file [ROOT]/includes/functions.php on line 4756: Cannot modify header information - headers already sent by (output started at [ROOT]/includes/functions.php:3887)
Stafford Hockey Club • View topic - ting inbound links and
1 post Page 1 of 1
Postby xuezhiqian123 » Wed Nov 21, 2018 2:29 am
PARIS – Some European monetary institutions will need to have booked bigger losses on their Greek government bond holdings in recent results announcements , the International Accounting Standards Board said in a letter to industry regulators.


The criticism comes as Europe’s lenders face calls to shore up their balance sheets and restore confidence to investors unnerved by the euro zone debt crisis, funding market place jitters and also a slowing economy.


In a letter addressed towards the European Securities and Markets Authority, the I.A.S.B. – which aims to become the global benchmark for financial reporting – criticized inconsistencies within the way banks and insurers wrote down the value of their Greek sovereign debt in second-quarter earnings.


It said “some companies” had been not making use of market costs to calculate the fair worth of their Greek bond holdings, relying rather on internal models. Although some claimed this was due to the fact the market place for Greek debt had turn out to be illiquid , the I.A.S.B. disagreed.


“Although the level of trading activity in Greek government bonds has decreased, transactions are nonetheless taking place,” the board chairman Hans Hoogervorst wrote.


The E.S.M.A. was not quickly available for comment.


The letter, which was posted on the I.A.S.B.’s internet site Tuesday after becoming leaked to the press , didn’t single out particular countries or banks.


European banks taking a ?3 billion, or $4.two billion, hit on their Greek bond holdings earlier this month employed markedly distinct approaches to valuing the debt.


The writedowns disclosed in their quarterly outcomes varied from 21 to 50 percent, showing a wide range of views on what they anticipate to obtain back from their holdings.


A 21 percent hit refers towards the “haircut” on banking sector involvement in a planned second bailout of Greece now being finalized. A 50 percent loss represented the discount markets were expecting in the finish of June , the cut-off period for second-quarter outcomes.


Two French financial businesses, the bank BNP Paribas and insurer CNP Assurances, on Tuesday defended their choice to utilize their own valuation models instead of market place prices.


“BNP took provisions against its Greece exposure in full agreement with its auditors plus the relevant authorities, in accordance with the strategy decided upon by the European Union on July 21 ,” a bank spokeswoman said.


A CNP spokeswoman said the group’s Greek debt provisions had been calculated in accordance with the E.U. plan and in agreement with its auditors.


Some investors see the issue as severe, on the other hand, even if the STOXX Europe 600 bank index was trading higher on Tuesday.


“The Greek debt issue has been treated quite lightly,” said Jacques Chahine , head of Luxembourg-based J. Chahine Capital, which manages ?320 billion in assets. “And it’s not just Greek debt – all of it needs to be written down, Spain, Italy.”


The E.S.M.A. was unable to impose an uniform Greek “haircut” across the E.U. and its guidance published in the end of July basically stressed the will need for banks to tell investors clearly how they reflect Greek debt values.


The I.A.S.B. also has no powers of enforcement in how banks book impairments but is keen to show the United States , which decides this year regardless of whether to adopt I.A.S.B. standards, that its rules are consistent and effectively represent what’s happening in markets.


Auditors warned at the time against a patchwork approach which will confuse investors and concerns more than Greek haircut reporting will fuel calls for a pan-Europe auditor regulator.


“The impact is additional likely to be to further minimize investors’ confidence in purchasing bank debt, rather than sovereign debt,” stated Tamara Burnell , head of monetary institutionssovereign research at M&G.


Employing the most aggressive markdown approach – namely marking to market all Greek sovereign holdings – would saddle 19 of the most exposed European banks with another ?6.6 billion in potential writedowns, according to Citi analysts.


BNP would take the biggest hit with ?2.1 billion in remaining writedowns, followed by Dexia in Belgium with ?1.9 billion and Commerzbank in Germany with ?959 million, Citi stated.


The European Commission said on Monday that there was no want to recapitalize the banks more than and above what had been agreed right after a recent annual stress test .


This article has been written and researched by Paul Henderson , working inconjunction with the top Accountants. Accountants Today working in London, Surrey and Sussex.




RIO DE JANEIRO, Aug. 13 (Xinhua) -- Following are the results of cycling track women's keirin at the Rio Olympic Games here on Saturday:


1. Elis Ligtlee, Netherlands


2. Rebecca James, Britain


3. Anna Meares, Australia


4. Anastasiia Voinova, Russia


5. Liubov Basova, Ukraine


6. Kristina Vogel, Germany


7. Lee Wai Sze, Hong Kong, China


8. Lee Hyejin, South Korea

SEM aims to boost the visibility of ads showing up in various websites. It aims to increase the top quality of site visitors in the approach of searching the numerous sites. It could be online video lookup, looking for photos and so on, and with the assist of seo , the velocity of searching will increase so that much more and much more folks obtain the internet site.
If you have any knowledge at all with social media and producing a promotion, you possibly presently know the force driving creating inbound links and how simply this can be achieved. Additionally, if you use Twitter to lau.
1 post Page 1 of 1

Login

Who is online

Users browsing this forum: No registered users and 1 guest

cron