CEBS work programme includes IFRS matters

  • European Union (old) Image

06 Jan 2007

The Committee of European Banking Supervisors (CEBS) has adopted a work programme for 2007 that includes two initiatives directly related to IFRSs.

These are identified in the box below. The main orientation of the CEBS will continue to be promoting cooperation and convergence of supervisory practices in the operational implementation of the new framework for capital adequacy introduced by the Capital Requirements Directive (CRD). Click to download CEBS Work Programme 2007 (PDF 195k).

Monitoring of developments in accounting and auditing standards: CEBS will continue to monitor the developments in the area of international accounting and auditing standards and, if deemed necessary, provide input to the standard setting process.

Common reporting frameworks: CEBS will update on an ongoing basis its reporting frameworks and the related XBRL taxonomies, in order to accommodate any developments in international accounting standards changes required by the implementation of the CRD. A web-based facility, accessible to both supervisors and market participants, will be established to collect and address questions emerging in the implementation of the reporting frameworks.

Related Topics

Correction list for hyphenation

These words serve as exceptions. Once entered, they are only hyphenated at the specified hyphenation points. Each word should be on a separate line.