Commissioner cites benefits of IFRSs in Europe

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04 May 2007

EC Commissioner for Internal Market and Services Charlie McCreevy commented on the benefits of IFRSs in a speech on Capital Markets and European Competitiveness, at the European Financial Forum in Brussels on 2 May 2007.

Mr McCreevy said: "For an attractive Europe, we have adopted best of breed international standards: IFRS, Basel II and soon Solvency II, which are principles-based regulations. We are determined to remove obstacles to cross-border business and clamp down on anticompetitive practices."
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