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European Parliament calls for comment on financial reporting standards

Sven Giegold, the Green Party’s spokesman on economic affairs in the European Parliament, has issued a public call for comments on a draft Economic and Monetary Affairs Committee (ECON) report into International Financial Reporting Standards.

Giegold said: “The initiative report of the European Parliament is a welcome occasion to hint to major problems and to make proposals for corrections.”

The ECON committee released a draft of its report dealing with the so-called IAS Regulation on 12 January (see related story).

Among its proposals is a call for the European Commission to examine whether the European Securities and Markets Authority has sufficient powers to fulfil its remit.

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The deadline for comments is 5 February.

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