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accounting standards posts

Better reporting standards could hike insurance stock prices

Posted Nov 27th 2009 2:00PM by Tom Johansmeyer (RSS feed)
Filed under: Other Issues, Competitive Strategy

The worldwide insurance industry may be worth more than you think. Industry analysts believe that reporting isn't as consistent as it could be, and that improvements to insurance financial reporting would pump up those stock prices.

PricewaterhouseCoopers interviewed more than 40 investment professionals from the U.S., Asia and Europe, finding that dissatisfaction with insurance financial reporting was widespread. They'd like to see the International Accounting Standards Board and Financial Accounting Standards Board build a better mousetrap for the industry.

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Volcker says this could be worse than the Great Depression

Posted Feb 21st 2009 6:40PM by Zac Bissonnette (RSS feed)
Filed under: Management, Recession

Former Federal Reserve chair and current presidential adviser Paul Volcker says that the global economy may be deteriorating even more precipitously than it did during the Great Depression.

"I don't remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniformly around the world," he said at a Columbia University luncheon. He also dismissed the notion that the financial innovation of the past decade has had any positive results: "There is little correlation between sophistication of a banking system and productivity growth."

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