Gb08_engl Umschlag:GB 2005 - DVFA

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10 the society u u u EQUITIES FIXED INCOME ASSET MANAGEMENT CRUF Germany [Corporate Reporting User Forum] Expert Groups Financial Reporting [Banks, Insurance, Real Estate] Expert Group Valuation Expert Group Fairness Opinions FAC [Financial Accounting Committee] Committee Life Science Committee on Standards for Investment Research Overview of DVFA Committees & Expert Groups_ u u u u Fixed Income Forum Committee Rating Standards Expert Group: Rating-relevant aspects of mezzanine financing Expert Group: Rating-relevant aspects of IFRS adoption Expert Group: Rating standards for ABS Expert Group: Use of rating scales FINANCIAL MARKET COMMUNICATION PANEL Committee on Effective Financial Market Communication FINANCIAL MARKET REGULATION PANEL Corporate Governance Committee u u Asset Management Forum Committee Investment Performance Standards Expert Group: Leverage Expert Group: Assets under management Committee for Non-Financials Code Committee
activities of the committees CRUF Germany 2008 For more than a year, the members of CRUF Germany have met every six to eight weeks after the inaugural events of Fortis Investments and Allianz Global Investors at the DVFA Center, to discuss current amendments to accounting rules and analyse changes under IFRS. In particular, the tireless efforts of PwC have contributed to prompt examination and evaluation of all topics of interest to the IASB and the investment community, thus giving analysts and portfolio managers the ability to incorporate accounting changes into their workflows at an early stage. One highlight of 2008 was the presentation by Dr. Herbert Meyer, President of the FREP - Financial Reporting Enforcement Panel. Committee Financial Accounting The Committee Financial Accounting was founded in November 2007 as a steering group for the DVFA Expert Groups and Committees in the center-of-competence Equities. Representatives of the FAC also work in a variety of other industry groups, such as the IASB, DRSC, CRUF to name but a few. Expert Group Banks Equities_ This Expert Group met once last year. After the international rating agencies came under criticism in the context of the financial market crisis, an analyst from S&P was brought in to instruct our Expert Group on the basics of rating methodology for banks in a lecture with subsequent discussion. Afterwards, Prof. Löw from KPMG gave a talk on the requirements for segment reporting under IFRS 8. To close the meeting, Mr. Weigel of PwC made a presentation on the most important elements of Germany’s Accounting Law Modernization Act (Bilanzrechtsmodernisierungsgesetz - BilMoG). The Banks Expert Group plans to meet at least once a year in the future as well. 11
Page 1: Annual Report 2008 Society of Inves
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Page 16 and 17: 14 featu DVFA Club +++ DVFA Club ++
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Page 34 and 35: 32 EFFAS Since 2000, when Fritz H.
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