Newsletter February 2014: Regulators warn on accounting intervention

FRANKFURT/LONDON/PARIS – The chairs of the three European financial Supervisory Authorities (ESAs, the European Banking Authority, European Securities and Markets Authority and European Insurance and Occupational Pensions Authority) expressed concern about a European Commission report advocating reforms to accounting standards. The three ESAs wrote to European Commissioner for the internal market and services Michel Barnier in response to an expert report by Philippe Maystadt published in November 2013 (see December 2013 edition of GRR).