Register for AMF Quarterly Meeting & Swaps Workshop

Click here to register for the AMF Swaps Best Practices Workshop

Click here to register for the AMF Quarterly Meeting

The Asset Managers Forum will hold its fall Quarterly Meeting on Wednesday and Thursday, October 27 and 28, 2004. On October 27, the AMF will host a full day conference concerning the status of the Forum's Swaps Best Practices Initiative. This conference will entail a series of presentations from the leadership of the following AMF Swaps Subcommittees that are developing best practices: Compliance; Confirm/Legal; Maintenance; Trade Execution; and Valuation.

On October 28, the Forum will conduct a business meeting for professionals affiliated with member organizations. This full day session will feature meetings of the various standing committees of the Forum, including those relating to Accounting Policy, Pricing and STP. Furthermore, at the business meeting, the AMF membership will vote on the proposed new 2005 slate of Steering Committee members. More details regarding the Steering Committee nominees and the agenda items for the October 27 Swaps Conference and the October 28 Committee meetings will be forthcoming.

Sarbanes-Oxley and the Convergence of International Accounting Standards

In a hearing on September 9, 2004, the U.S. Senate Banking Committee heard witness testimony on the impact of the Sarbanes-Oxley Act and developments concerning convergence of international governance and accounting and audit principles.

In his opening remarks, Sen. Richard Shelby (R-AL) stated that a uniform set of international standards would reduce compliances costs and eliminate inefficiencies. Sir David Tweedie, Chairman of the International Accounting Standards Board (IASB), was one of eight witnesses to speak on the Sarbanes-Oxley Act and its effect on accounting standards and international convergence.

The AMF Accounting Policy Committee will continue to follow developments.

Click here to read Sir David Tweedie's testimony

Click here to read the Opening Statement and the other witness testimonies

NOTE: This Weekly Report on Proposed Reforms Affecting Asset Managers is a service of the Technology, Operations and Asset Manager Relations Department of The Bond Market Association. We encourage your input as this communication is designed to promote dialogue among members of the Forum and the Association. Please feel free to contact Joseph Sack, Executive Director of the COO Group of The Asset Managers Forum or Douglas Taggart or Elisa Nuottajarvi of the staff of The Bond Market Association.