More European countries come on board to share data under international accounting standards
Four new European countries are to receive shared information on applying International Financial Reporting Standards from US regulator the Securities and Exchange Commission.
The SEC signed protocols on working arrangements with Belgium, Bulgaria, Norway and Portugal hard on the heels of ones struck with the UK Financial Reporting Council and the FSA.
‘International arrangements of this kind are quickly becoming a cornerstone of US securities regulation in today’s global marketplace,’ said SEC Chairman Christopher Cox. ‘These new avenues for cooperation and coordination represent an important step in our pursuit of that goal,’ he added.
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