FSA goodwill gestures
Q: What has the Financial Services Authority decided to do about goodwill?
Goodwill has always been a thorny issue in accounting. Now, with the Financial Services Authority's involvement in broker regulation, goodwill has taken centre stage in the minimum capital resources calculation.
Originally, the FSA's view was that goodwill should be excluded from the capital resources calculation because it is hard to value.
However, in September, the FSA published its policy statement and near-final rules, in which it deferred the deduction of goodwill from the capital
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