Senate endorses Schapiro as SEC chair

The US Senate has given its backing to Mary Schapiro’s selection as the new
head of the Securities and Exchange Commission.

Schapiro has said she will put the IFRS roadmap under the microscope as one
of her first key objectives when she takes office.

The roadmap is the blueprint for IFRS adoption in the US, but Schapiro has
hinted that she may not automatically rubber stamp the proposals.

‘I will take a deep breath and look at this entire area carefully,’ she said
earlier this month.

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SEC chair announced

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