US watchdog backs new IASB chief

Hans Hoogervorst

The chief US financial regulator has backed the appointment of Hans
Hoogervorst as the new chairman of the International Accounting Standards Board

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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