European threat to convergence

The European Financial Services Round Table, representing bankers and insurers, is pressurising the International Accounting Standards Board (IASB) to provide it with concessions in negotiations over accounting rules on derivatives.

http://www.efrag.org/ http://www.efrag.org/

http://ec.europa.eu/comm/internal_market/accounting/index_en.htm http://ec.europa.eu/comm/internal_market/accounting/index_en.htm

---