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14 Oct 2010
The chief US financial regulator has backed the appointment of Hans Hoogervorst as the new chairman of the International Accounting Standards Board (IASB).
Mary Schapiro, chairman of the Securities and Exchange Commission, commended the appointment of the former Dutch finance minister.
"Mr Hoogervorst has a demonstrated track record representing the needs of investors, most recently in his roles as chairman of the Netherlands Authority for the Financial Markets, chairman of the Technical Committee of the IOSCO, and co-chair of the Financial Crisis Advisory Group," she said.
Schapiro also praised Iain Mackintosh, former head of the UK Accounting Standards Board, who has becomes vice chairman of the IASB, saying standard-setting would benefit from his considerable experience.
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Briefings
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