Ostriches at the IASB
byIn an article for the FT on the 5th of February, highlighted by Steve Baker in a recent speech, Lord Lawson wrote: The auditing…
Accounting
Speech on the Financial Services Bill
byUnder the heading, Osborne looks to limit damage of ‘credit busts’, the FT gives a neat summary of the Chancellor’s plans. In particular: He…
It’s hard to account for flaws in the rule-book
byIn my latest City AM column I discuss Gordon Kerr’s recent book, which points to the role of accounting regulations in the obfuscation of…
Via Bloomberg: Kerr says euro woes may prompt return of gold standard
byFollowing his recent paper The law of opposites: Illusory profits in the financial sector, TCC Advisory Board member and founder of Cobden Partners Gordon Kerr appeared…
On the Independent Institute
byOne of my favorite think tanks in the world is the Independent Institute www.independent.org. Their web site, scholarly journal and work is of the highest…
How To Destroy the British Banking System –- Regulatory Arbitrage via ‘Pig on Pork’ Derivatives.
byFinancial engineer Gordon Kerr explains how to destroy the British banking system through the use of derivatives which take advantage of the regulatory system,…