Nuevo número de nuestra publicación In the Headlines sobre normativa NIIF, dedicado a la adopción del conjunto de normas sobre consolidación.

According to the January European Central Bank (ECB) bank lending survey, banks reported a net further tightening of lending standards in the first quarter, both for small- and medium-sized enterprises (SMEs) and large enterprises. Standards for long-term loans tightened considerably more than short-term loans in the first quarter. The recessionary backdrop, negative industry outlooks and higher bank capital requirements contributed greatly to tightened standards, while less important factors included bank liquidity positions, bank access to refinancing, and risk to collateral demanded. Factors that contributed to easing standards, albeit minor, included bank and non-bank competition.

The Basel Committee on Banking Supervision has established a comprehensive implementation review process to ensure its globally-agreed standards are implemented fully by member jurisdictions. A key element of the process is transparency, including reporting to the G20 Leaders. As such, this report of interim findings to the G20 Leaders summit in Los Cabos, marks an important step forward in the Committee's work on implementation.

Clifford Chance is delighted to announce that the 2012 edition of its brochure 'European Insolvency Procedures' is now available.

In the Headlines: Transición a la NIIF 10 contiene un análisis de las propuestas del borrador de norma publicado por el IASB con el objetivo de aclarar el régimen transitorio a la NIIF 10 Estados Financieros Consolidados, norma que contiene el nuevo marco de consolidación aplicable a partir del 1 de enero de 2013.

Highlights the IASB's recent exposure draft on the 2010-2012 cycle of its annual improvements to IFRS (ED/2012/1).

The dual challenges of the regulatory and earnings environments present financial institutions with an opportunity to build a new model that may help them thrive in the coming years. As they consider moving forward, how do institutions avoid reactive, haphazard, and uncoordinated sets of firefights as they respond to the new rules and regulations? Complexity can be overwhelming and compliance resources are often scattered and in short supply.

El objetivo de este documento es establecer una serie de criterios para elaborar la información financiera pro-forma que, de conformidad con la normativa vigente, deba ser publicada por las entidades cotizadas o por aquéllas que están en un proceso de admisión a cotización de sus valores a efectos informativos.