Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-06-07-Speech-2-475-812"
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"en.20160607.32.2-475-812"2
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"I voted in favour of this resolution on International Accounting Standards (IAS) evaluation and the activities of the International Financial Reporting Standards (IFRS) Foundation, the European Financial Reporting Advisory Group (EFRAG) and the Public Interest Oversight Board (PIOB). The IFRS and the ISA form an important part of the EU financial services regulation and supervisory framework and interact with a multitude of other pieces of EU financial services regulation, inter alia in the area of prudential regulation. I was pleased that the report underlined the important role of accounting standards for the development of a single capital market in the European Union, in particular in the context of the Capital Markets Union (CMU) project. I was also pleased that the report also stressed how IAS strengthened the competitiveness of the European economy by allowing companies to attract capital and investments on global capital markets. The effects of applying IFRS in the European Union in the last ten years have therefore been positive overall."@en1
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