Banking Standards Review and Mark to market basis: Difference between pages

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''UK banking''.
1. In financial accounting, the recognition of assets and liabilities at their current market values, as at the end of the financial accounting period.
 
A review undertaken in the UK by Sir Richard Lambert, to lead to the creation of an independent body to promote high standards of competence and behaviour across the UK banking industry.


2. A basis of taxation which follows the mark to market basis of financial accounting.


3. ''UK Tax''.
A method of allocating loan-related payments to the period in which they become due and payable and brings the value of loan relationships into account at fair value at the end of each period.


== See also ==
== See also ==
*[[Banking Standards Review Council]]
* [[Accruals basis]]
*[[Parliamentary Commission on Banking Standards]]
* [[Market value]]
 
 
===Other links===
[http://www.treasurers.org/node/9914 Lambert Banking Standards Review: ACT Response, 28 February 2014]


[[Category:Compliance_and_audit]]
[[Category:Ethics]]

Revision as of 14:20, 23 October 2012

1. In financial accounting, the recognition of assets and liabilities at their current market values, as at the end of the financial accounting period.

2. A basis of taxation which follows the mark to market basis of financial accounting.

3. UK Tax. A method of allocating loan-related payments to the period in which they become due and payable and brings the value of loan relationships into account at fair value at the end of each period.

See also


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