GLG News by IFRS Accounting Specialists

The move of Federal Bank buy mortgage-backed debts and J.P. Morgan Chase buy Bear Stearns come late of the subprime crisis but still make a significant effect on the financial market as what Malaysian government did during the 1998 Asian Financial Crisis by a not welcome move of use capital control...

Maybank, the Malaysia biggest bank is walk out of Asian Financial Crisis, after acquired 56% of Bank Internasional Indonesia now planning to acquire Vietnam's An Binh Bank, thanks to the bold move to curb the crisis ten years ago.

Chinese banks suffered loss from US subprime crisis but still insist to use the asset-backed securities as a alternative financial product to generate income as the China government put stringent rules on loan to curb over heated economy.

The FASB  has  proposed major  changes  to  SFAS 133  which  deals  with  accounting  for  derivatives. The  changes  relate  to  disclosures  in  terms  of  qualitative  aspects, better reporting formats...

The  decision  of  the  Fed  to  dramatically  reduce  interest rates, guarantee the  assets  of  Bear  Stearns  and  help  JP Morgan  in  the  takeover  of  Bear  are  all  indicative ...

US Fed chairman Bernanke said banks are facing crisis and plan to reduce rate again to put the economy of US on it normal track, but with US banks still facing credit squeeze and the war of Iraq still draw out billion of dollars, the confidence to economy in the country is devastating,...

This  analysis  is  being  written  in  response  to  a  comment by  a  reader to  my previous analysis  on  the  same  subject. Today we have a  problem  where  the  subprime situation is  getting...

Indonesia has the political stability and the price of oil and commodity like palm oil, crude oil and rubber are getting higher, the people are looking for more house and car, the government has to build more house and road to suit their demand.

The Indian budget  has  a  number of  far  reaching  changes in  the  tax  code. One of  these deals with taxation of  short term capital gains. This is bound  to  effect  the  returns  which  all  investors ...

The  referred item speaks of  a  major deficiency  in  the  accounts  of  Merrill Lynch which  effects  its  cash  flow  statements  but  not  its  income  statement  or  its  balance  sheet....