France calls for tighter int'l finance rules
France will call for tighter rules of international finance sector in French EU Presidency paper this week
France will call for tighter rules of international finance sector in French EU Presidency paper this week
A draft
French
EU presidency paper to be presented on Friday at a meeting of the EU leaders
in Brussels, will call for a tightening of international supervision and
regulation of the finance sector.
The document is said to call for stricter supervision of rating agencies, a
harmonisation of accountancy rules and stronger risk-management tools for the
securitisation of credit, according to
Bloomberg,
citing the German Handelsblatt.
The document also says national supervisory bodies should improve
cross-border co-ordination to control global operators in the financial market.
‘No financial institution, market or jurisdiction’ should be tolerated
‘outside regulation or supervision,’ the document reportedly said.
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourcePwC's Australia tax scandal has led to significant changes, including over 300 job cuts and the refusal to share a crucial report with Australian parl...
View articleAccountants and accounting firms play a crucial role in maintaining financial integrity, facing ethical dilemmas and regulatory challenges. Adherence ...
View articleThe creation of an effective sustainability standards infrastructure requires not only high-quality sustainability reporting and assurance standards, ...
View articleChanges will help to make accounting profession more attractive, ICAEW boss says Read More...
View article38% of firms required significant improvements, prompting the council to state Tier 2 and Tier 3 firms must "prioritise audit quality improvements and...
View articleFaber has been outspoken about the EU's approach and reinforces the ISSB's approach of a climate transitioning on the "necessary scale" Read More...
View articleEffective corporate reporting on sustainability will prevent greenwashing issues and deliver more data for better implementation of climate policies R...
View articleBy staying informed, seeking expert guidance, and adopting a forward-looking approach, accountants can successfully navigate the new regulatory landsc...
View article