Posts from Sunday Apr 15 2012

FTfm on AV

Some highlights from Monday’s FTfm.

New rules will decimate profits
A tightening of the International Accounting Standards Board’s IAS 19 directive from 2013 will bar companies from using the so-called ‘corridor rule’ which allows them to keep actuarial losses suffered by the final salary pension schemes off their balance sheets. The rule change is expected to slash hundreds of millions from the profits of many European companies next year Read more