Alongside the UK, the Netherlands, Denmark, Austria and Italy have all opposed a move to bring European reporting requirements into line with the US, while France, Germany and Portugal all supported the measures, according to the Financial Times.
The backing for the UK’s proposals is another victory for those against quarterly reporting after a report from the European Parliament that claimed such measures were ‘not the appropriate mechanism’ for ensuring the dissemination of reliable information and ‘could represent a worsening of the situation’.
EU finance ministers meet on Tuesday to reach an agreement on the subject.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016