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EU Parliament hearings discuss accounting

  • European Union (old) Image

28 Feb 2010

The European Parliament's Special Committee on Financial, Economic and Social Crisis (CRIS) held a hearing on 25 February 2010 to examine financial regulation and supervision in Europe.

Accounting standards were among the issues discussed.
  • Bank of France governor Christian Noyer stressed 'the need for accounting standards to take account of the real risks'.
  • Bettina Corves-Wunderer, CFO of Allianz Italy said that 'untransparent and insufficiently harmonised accounting standards had also led to procyclical behaviour'.
Click to download Committee Press Release(PDF 126k).

 

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