RBS accounts
RBS Group has published interim accounts for the third quarter of 2010. The headline, of course, is that RBS made another loss despite steadily improving conditions for the banking industry. The last...
View ArticleAccounting for Ireland: too big to fail
Ireland is in the search light of the world’s media again today. Accounting for the country’s debt crisis has created an almost comical performance with Ireland’s politicians persistently saying that...
View ArticleAccountants and Lords
The House of Lords’ Economic Affairs Committee recently gave the UK accounting profession, and auditors in particular, a carpeting for thir failure to protect us from the banking crisis. “I find it...
View ArticleRing-fencing is an accounting issue
Although the Independent Commission on Banking (ICB) is not due to release its final report until September it seems that George Osborne is already about to announce his strategy for banking stability...
View ArticleIMF’s Limited Financial Wisdom
Once a year or so the International Monetary Fund (IMF) kindly carries out a review of the UK economy. The Irish would advise, of course, that the IMF does not always demonstrate an unusually high...
View ArticleWhose bank account is it anyway?
The decision by the Payments Council, the body that exists to ensure the operational efficiency, effectiveness and integrity of payment services in the UK, to set a target date for the end of cheque...
View ArticleSkeleton Accounting
One of the reasons, of course, that is cited as a cause of the credit crunch of 2007 is the fact that banks did not know how much toxic debt in the form of collateralised debt obligations (CDOs), or...
View Article
More Pages to Explore .....