In September 2009, G-20 leaders agreed in Pittsburgh that all standardised over-the-counter derivative contracts should be traded on exchanges or electronic trading platforms, where appropriate, and cleared through central counterparties by end 2012 at the latest.

The practice alert focuses on risks of misstatement due to fraud that auditors might encounter in audits of companies with operations in emerging markets, auditors’ responsibilities for addressing those risks, and certain other auditor responsibilities under PCAOB auditing standards.

On September 13, 2011, the Federal Deposit Insurance Corporation approved a final rule implementing Section 165(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act 2010 which requires large and systemically important financial institutions to develop and maintain resolution plans, of

The UK Department for Business, Innovation and Skills seeks views on UK government plans to make narrative reporting simpler, clearer and more focused.