Archives for GRGI

Letter to IASB on Conceptual Framework Discussion Paper (1/13/14)

Date:  January 13, 2014 

Issue: Accounting

To: International Accounting Standards Board

Filing Type: International

Description: CCMC submitted comments to the International Accounting Standards Board (IASB) regarding its discussion paper on A Review of the Conceptual Framework for Financial Reporting. We appreciate that IASB is developing a complete and updated set of concepts to use when it develops or revises IFRS. This is an important step in the development and sustainment of a high quality global accounting system. The letter provides additional comments related to convergence as well as other matters, including cost-benefit considerations, forward-looking information, other comprehensive income and the use of the business model concept in financial reporting.

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Letter to FSB on Risk Culture (1/31/14)

Date: January 31, 2014

Issue: Capital Formation

To: Financial Stability Board

Filing Type: Regulatory Reform

Description: The Chamber’s Global Risk and Governance Initiative (GRGI) submitted a letter to the Financial Stability Board expressing concerns that its Risk Culture paper may create subjective guidelines that are redundant to, or in conflict with, the legal and regulatory provisions for systemically important financial institutions.

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