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ESMA proposes "themed" agenda consultations

  • ESMA (European Securities and Markets Authority) (dark gray) Image

03 Dec 2015

The European Securities and Markets Authority (ESMA) has to the 'Request for Views' document the IASB published in August to launch its second agenda consultation.

Most of the comments ESMA makes are similar to the ones made in other comment letters, stressing especially that a speedy completion of the insurance contract standard and of the conceptual framework is needed. However, ESMA also adds an overarching comment on agenda consultations in general:

ESMA recommends to the IASB to identify an underlying theme for the Agenda Consultation that would be linked to the IASB's Strategy Overview. In this context ESMA suggests that the IASB focuses in this period on 'Strengthening the fundamental pillars of the financial reporting'.

ESMA argues that such a holistic approach would enable the IASB to address conceptual issues and gaps in the requirements consistently across all pronouncements at standard level.

Please click to access the comment letter on the ESMA website.

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