RegulationAccounting StandardsFrance calls for tighter int’l finance rules

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

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.

Related Articles

Demystifying GDPR for accountants

Accounting Standards Demystifying GDPR for accountants

2w Ellen Temperton, Lewis Silkin
EY fined £1.8m over Tech Data audit

Accounting Standards EY fined £1.8m over Tech Data audit

2m Emma Smith, Managing Editor
The great professional services shake-up

Accounting Standards The great professional services shake-up

3m Fergus Payne, Lewis Silkin
What do clients actually want from an accountant?

Accounting Standards What do clients actually want from an accountant?

4m Emma Smith, Managing Editor
Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

Accounting Standards Accountants shouldn’t neglect hybrid mismatch anti-avoidance rules

4m Alison Conley
Membership of the accountancy profession on the rise

Accounting Standards Membership of the accountancy profession on the rise

5m Alia Shoaib, Reporter
The real price of mates' rates in the provision of professional services

Accounting Standards The real price of mates' rates in the provision of professional services

5m DAC Beachcroft
IASB overhauls insurance accounting with issuance of IFRS 17

Accounting Standards IASB overhauls insurance accounting with issuance of IFRS 17

7m Alia Shoaib, Reporter