Bank Accounting & Finance articles from December 2004

Bank Accounting & Finance archives from December 2004

Enterprise risk management in financial services: from vision to value.
December 1, 2004... Most financial services institutions' (FSIs) approach to and implementation of risk management remains highly fragmented across risk types such as credit, market and liquidity risk; business lines such as retail banking, securities and...

Building a culture of control awareness.(corporate ethics and accounting)
December 1, 2004... Controls are important to our everyday lives. When we stop our cars at a red traffic light, we perform a control. When we go to an ATM and key in a PIN, we perform a control. When we balance our checkbooks, we perform a control. Same in our...

Use and misuse of value-at-risk analysis for bank balance sheet risk analysis.
December 1, 2004... Value-at-risk analysis (VAR) is a risk quantification tool that has long been used for trading risk. In recent years, it has become increasingly popular for evaluating interest rate risk and credit risk on bank balance sheets. Applied to the...

Effects of Fair-Value accounting on securities portfolio restructuring.
December 1, 2004... In June 2004, the Financial Accounting Standards Board (FASB) issued an exposure draft of a proposed statement, "Fair Value Measurements" ("the Statement"). (1) The proposed statement seeks to establish a framework for fair value measurements...

Balance sheet management for community banks.(Asset/Liability Management)
December 1, 2004... Today, the current interest rate and regulatory environment is filled with uncertainties and challenges. Following a period of low interest rates, bond market volatility and soft-to-weak loan demand outside the mortgage sector, banks now face...

XBRL Voluntary financial reporting program on the EDGAR system.(SEC Update; Electronic Data Gathering, Analysis and Retrieval System)
December 1, 2004... The Securities and Exchange Commission (SEC) recently proposed rule amendments to establish a voluntary program to enable registrants to submit supplemental-tagged financial information using the eXtensible Business Reporting Language (XBRL)...

Accounting for noncurrent assets held for sale and discontinued operations converges.(International Standards)
December 1, 2004... In 2002 the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) pledged to make their existing financial reporting standards fully compatible as soon as practicable. Therefore, they added to their...

An empirical examination of executive compensation.(Corporate Governance)
December 1, 2004... There is a great deal of public interest in so-called excessive executive compensation packages. Each year the business press anecdotally profiles the most highly compensated executives. Of course, this profiling not only sells articles but...