Author: Veille reglementaire (Page 1 of 2)
1 – What does it mean?
It’s a new payment instrument available 24/7/365 and resulting in the immediate or close-to-immediate interbank clearing of the transaction and crediting of the payee’s account with confirmation to the payer. (Definition of the Euro Retail Payment Board (ERPB)
Jonathan Hill, former European Commissioner, took stock of his achievements on 12 July, during a speech at the Bruegel Institute. He drew up the work carried out during his mandate as Commissioner for Financial Stability, Financial Services, and Capital Markets (FISMA) and detailed upcoming challenges for the institution.
On 24 July 2014, the International Accounting Standards Board (IASB) completed the final element of its overall response to the financial crisis by publishing the final version of the standard “IFRS 9 – Financial Instruments”, replacing the standard “IAS 39 – Financial Instruments: recognition and Measurement”.
IFRS 9 is to date still not approved by the European Union.