Related news

• CEBS adapts the timeline for the revision of the Guidelines on Financial Reporting

• 22 Dec 2010

• The Committee of European Banking Supervisors (CEBS) published its revised guidelines on financial reporting (FINREP rev2) on 15 December 2009, with an implementation date of 1 January 2012.

• We respond to the EC public consultation on country-by-country reporting

• 21 Dec 2010

• Deloitte has submitted a response to the European Commission's public consultation that is designed to gather stakeholders' views on country-by-country reporting by multinational companies.

• EFRAG issues its feedback statement on its proactive consultation

• 02 Dec 2010

• The European Financial Reporting Advisory Group (EFRAG) issued a feedback statement on the public consultation on its Proactive work.

• New financial market supervision system signed into law

• 25 Nov 2010

• In our news story posted 7 September we reported that the European Parliament, the Council and the European Commission reached a political consensus on the creation of new financial supervisory framework for Europe.

• IFRS zsebkönyv 2010

• 23 Nov 2010

• Deloitte Hungary has published IFRS zsebkönyv 2010 — the Hungarian language translation of IFRSs in Your Pocket 2010. This 130-page publication includes all of the information in the English language edition.

• EC consultation on disclosure of non-financial information by companies

• 22 Nov 2010

• The Services of the Internal Market and Services Directorate General of the European Commission are conducting a public consultation in order to gather stakeholders' views on ways to improve the disclosure by enterprises of non-financial information (e.g. social and environmental).

• SEC and CESR discuss regulatory reform initiatives

• 16 Nov 2010

• The Securities and Exchange Commission (SEC) and the Committee of European Securities Regulators (CESR) had a high-level meeting discussing regulatory reform efforts in the United States and European Union.

• Public consultation on country-by-country reporting

• 27 Oct 2010

• The European Commission is conducting a public consultation in order to gather stakeholders' views on country-by-country reporting by multinational companies. Country-by-country reporting is a concept that would require multinational companies to disclose financial information on their operations in third countries in their annual financial statements.

• CESR sees improvements in financial instruments disclosures

• 26 Oct 2010

• In October 2009, the Committee of European Securities Regulators (CESR) analysed the 2008 financial statements of 96 European listed banks and insurers to assess compliance with the disclosure requirements of IFRS 7 Financial Instruments: Disclosures.

• CESR summaries of IFRS enforcement decisions

• 25 Oct 2010

• The Committee of European Securities Regulators (CESR) has published its ninth batch of extracts from its confidential database of enforcement decisions taken by EU national enforcers of financial information.

• European Commission conference on financial reporting and auditing

• 15 Oct 2010

• On 9 and 10 February 2011, the European Commission will hold a high-level conference on accounting and auditing issues.

• European Union ponders audit reform

• 14 Oct 2010

• The European Commission has issued a consultation paper on audit policy.

• EFRAG paper on Financial Statement Presentation ED

• 06 Oct 2010

• The European Financial Reporting Advisory Group (EFRAG) has issued a paper on the IASB's staff draft of the ED Financial Statement Presentation.

• CESR Activity Report on IFRS enforcement 2009

• 23 Sep 2010

• The Committee of European Securities Regulators (CESR) has published its first annual activity report on monitoring enforcement of International Financial Reporting Standards (IFRS) in Europe.

• CEBS publishes a statement on the disclosure of sovereign exposures in the context of the 2010 EU-wide bank stress tests

• 08 Sep 2010

• Further to our previous story on the bank stress tests performed earlier this year, the Committee of European Banking Supervisors (CEBS) issued a to clarify the details of key criteria used in the disclosures of banks exposures to sovereign debt.

• New financial supervisory framework for Europe

• 07 Sep 2010

• On Thursday 2 September the European Parliament, the Council and the European Commission reached a political consensus on the creation of new financial supervisory framework for Europe.

• CESR publishes report on trends, risks and vulnerabilities in financial markets

• 03 Aug 2010

• The Committee of European Securities Regulators (CESR) has published a report on trends risks, and vulnerabilities that are directly relevant to securities markets regulators. Over the last decades, financial markets have been transformed by the rapid development of new financial instruments, the rise of new categories of key market participants, and a supportive technological environment. More recently, fundamental areas of the financial sectors have experienced a severe crisis. Going forward, CESR would like to contribute more to the understanding of these trends and risks and communicate its insights to the general public through regular reports.

• CESR issues Consultation Paper on central storage of regulated information (OAMs)

• 02 Aug 2010

• The Committee of European Securities Regulators (CESR) has issued a Consultation Paper Development of Pan-European Access to Financial Information Disclosed by Listed Companies.

• Updated survey on extended use of IFRSs in European Union

• 26 Jul 2010

• Since 2005, the European Union Accounting Regulation has required that European companies listed in a European securities market must use IFRSs to prepare their consolidated financial statements.

• EU formally adopts IFRIC 19

• 26 Jul 2010

• The European Union has published the Commission Regulation (EC) No 662/2010 endorsing IFRIC 19 Extinguishing Financial Liabilities with Equity Instruments.

• CESR members elect new Chair and Vice Chair

• 17 Jul 2010

• On 16 July 2010, the members of the Committee of European Securities Regulators (CESR) elected Carlos Tavares, Chairman of the Comissão do Mercado de Valores Mobiliários at the CMVM, as Chair of CESR and Jean Guill, Director General of the Commission de surveillance du secteur financier (CSSF), as Vice Chair of CESR.

• CESR summaries of IFRS enforcement decisions

• 13 Jul 2010

• The Committee of European Securities Regulators (CESR) has published its eighth batch of extracts from its confidential database of enforcement decisions taken by EU national enforcers of financial information.

• Chairman of CESR-FIN talks about link between accounting and prudential regulation

• 11 Jul 2010

• On June 23, 2010 Fernando Restoy, Chairman of the standing committee on corporate reporting of the Committee of European Securities Regulators (CESR-FIN) and Vice-Chairman of the Spanish stock exchange regulator (Comision Nacional del Mercado de Valores, CNMV), spoke at a conference hosted by the IFRS Foundation in London.

• EU formally adopts amendments to IFRS 1 and IFRS 7

• 01 Jul 2010

• The European Union has published the Commission Regulation (EC) No 574/2010 (Amendment to IFRS 1 Limited Exemption from Comparative IFRS 7 Disclosure for First-time Adopters and Amendment to IFRS 7 Financial Instruments: Disclosures) endorsing the amendments adopted by the IASB on 29 January 2010.

• CEBS publishes two follow-up reports on its assessment of banks' disclosures

• 30 Jun 2010

• The Committee of European Banking Supervisors (CEBS) has published Assessment of banks' transparencyin their 2009 audited annual reports and Follow-up review of banks' transparency in their 2009 Pillar 3 reports. In its press release, CEBS states that "This work reflects CEBS's ongoing interest in the banks' disclosure of the impact of the crisis on their activities and financial situation."