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FSB calls for continued efforts on convergence, considers the IASB's insurance standard a high priority

  • FSB (Financial Stability Board) (lt green) Image

28 Sep 2015

The Financial Stability Board (FSB) met in London on 25 September 2015 to discuss progress in its ongoing workplan.

Although overall progress was considered to be good, the plenary reiterated its support for the objective of achieving a single set of high quality global accounting standards and called on the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) to continue efforts to achieve this. On individual accounting projects, the plenary noted the importance of the IASB completing its standard for insurance contracts as a high priority.

Please click to access the report from the meeting on the FSB website.

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