Financial watchdog launches future plans

The Financial Reporting Council is shifting resources towards developing
international standards and cross-border regulatory cooperation.

In its final version for planning and budgeting over the next year, FRC chief
executive Paul Boyle said the body had responded to stakeholder views, which
involved more international focus and further responsibilities relating to the
actuarial profession.

‘Our final plan reflects the feedback we have received from our stakeholders
on the draft plan we published in December 2005,’ said Boyle.

The council will also look to lead debate on issues affecting confidence in
corporate reporting and governance, while monitoring both subjects.

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