Contributing to the Global Economy

IFAC Response to European Commission’s Green Paper: Building a Capital Markets Union

IFAC
May 13, 2015 | Comment Letters
English

IFAC has welcomed the European Commission’s emphasis on jobs and growth, removing regulatory barriers and work toward a single rule book across the European Union.  These issues are certainly not confined to the EU region and IFAC will continue to pursue the importance of effective regulatory collaboration, consistency and proportionality around the globe. IFAC supports the need for common and appropriate standards for use in SME Growth Markets, but cautions against the development of yet another new set of standards. Instead, IFAC recommends collaboration with international standard setters to holistically address the need and ensure consistency. IFAC also emphasizes the importance of auditing in effective capital markets, and recommends continued reflection on the implementation consistency and impact of the EU’s recent audit reforms.

 

Copyright © 2019 The International Federation of Accountants (IFAC). All rights reserved.

 

Related Resources

 

Looking for the standard-setting boards?

View Boards Site

Primary tabs

Thank you for your interest in our publications. These valuable works are the product of substantial time, effort and resources, which you acknowledge by accepting the following terms of use. You may not reproduce, store, transmit in any form or by any means, with the exception of non-commercial use (e.g., professional and personal reference and research work), translate, modify or create derivative works or adaptations based on such publications, or any part thereof, without the prior written permission of IFAC.

Our reproduction and translation policies, as well as our online permission request and inquiry system, are accessible on the Permissions Information web page.

For additional information, please read our website Terms of Use. ALL RIGHTS RESERVED.