Redefining Reporting Requirements and Opening New Frontiers

The focal point of this chapter is leading trends in regulation of the financial industry, in particular, the new rules which have become necessary or are currently under development in connection with reporting practices because of the huge transformation taking place in banking and in the financial industry at large. A second objective is to compare how authorities in different countries deal with the supervision of derivatives exposure, and a third is to identify the new frontiers in financial reporting and explain what more could be offered through high-technology solutions.