Bank Accounting & Finance articles from June 2004

Bank Accounting & Finance archives from June 2004

New equity markets and bank deregulation.
June 1, 2004... Before April 1987, Section 20 of the Glass-Steagall Act of 1933 prevented commercial banks from performing "nonbank" activities. Nonbank activities, also known as Section 20 activities, refer to activities, such as underwriting and dealing in...

Credit union risk-based net worth measurements: the first years.
June 1, 2004... Credit unions have a risk-based capital system to help answer the question, "How much is enough?" Credit unions are the last major category of financial institutions in the United States to adopt a risk-based capital adequacy system to assist...

Rating banks' nontraditional capital instruments.
June 1, 2004... From the regulatory standpoint, bank capital plays a key role since it represents the main aggregate to which regulation instruments can refer. It has long been recognized that in order to ensure international banks a fair playing field,...

A five-step plan for comprehensive information security and privacy.(financial institutions)
June 1, 2004... Working at a financial institution in an age of identity theft, hackers, and scares, many bankers ask: * Are we doing enough to prevent customers' private information from falling into the wrong hands? * Are we complying fully with the...

New SEC guidance on MD&A, loan commitments, and current reports.(SEC Update, Securities and Exchange Commission)(Management's Discussion and Analysis)
June 1, 2004... The Securities and Exchange Commission (SEC) recently published interpretive guidance to elicit more meaningful disclosure in Management's Discussion and Analysis of Financial Condition and Results of Operations (MD&A). The interpretation...

New international standard on share-based payment.(International Standards)
June 1, 2004... The use of share-based payments has expanded greatly in recent years in many countries, while there was no international accounting standard covering the recognition or measurement of these payments. Many users of financial statements expressed...

Dumb, dumber, and dumbest: what went wrong at Enron.(Books)
June 1, 2004... In the go-go 1990s, few companies could approach the successes--or at least the appearance of success--of Enron. A small, sleepy Houston-based natural gas company 20 years earlier, it had become the seventh largest company in the United States...

Better performance management.(Software)
June 1, 2004... Numerous market forces have pushed the need for better performance management. The Sarbanes-Oxley Act of 2002 and revised international accounting standards raised requirements for transparency and timeliness of financial reporting. The...