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Europe Daily Bulletin No. 8503

12 July 2003
Contents Publication in full By article 15 / 50
GENERAL NEWS / (eu) financial services
Commission confirms its fears about IAS 32 and 39 standards as well as process for adopting IASB standards

Brussels, 11/07/2003 (Agence Europe) - The Fifteen are expected to confirm their worries about the International Accounting Standards IAS 32 and IAS 39 during a debate at the Ecofin Council on Tuesday, which was requested by France (see EUROPE 9 July p 8). These worries focus on the inclusion of derivatives in consolidated company accounts at given market prices. In a letter addressed to Romano Prodi, the French President, Jacques Chirac, described this mechanism as a risk that could lead...

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THE DAY IN POLITICS
GENERAL NEWS
ECONOMIC INTERPENETRATION