Recent issues

EFD 240 (4th June 2003)
Features
Commission plans audit and corporate governance reform
The walls have ears
Market Watch
IFRIC proposal on accounting for emissions trading schemes
First corporate social responsibility accounting standard launched
FASB statement on financial statements close to IAS
Brussels Watch
Accounting: Modernising directive adopted
Environmental liability: MEPs vote for stricter environmental liability rules
Data protection: action planned on data protection
Financial services: No sign of compromise as share rules divisions deepen
Pensions: Pensions directive adopted

EFD 239 (2nd May 2003)
Features
Companies start flexing their muscles
Giovannini delivers verdict on clearing and settlement
Market Watch
SEC to accept FASB pronouncements
IFAC advises on accounting education
CESR comments on market abuse
Brussels Watch
Auditing: EU to propose audit oversight boards
Competition: Merger task force scrapped
Financial Servcies: Think tank criticises ISD revision
Single Market: Commission launches single market watchdog
Taxation: End is nigh for Belgian tax breaks

EFD 238 (16th April 2003)
Features
Pensions directive getting closer
Switching to IP
Market Watch
Setting the standard for corporate responsibility
CESR publishes first standard
German body moves with the times
Brussels Watch
EU proposes quarterly reporting
MyTravel in for long haul over compensation claim
Luxembourg court upholds Moulinex verdict
Finance ministers agree on energy tax
EU threatens retaliation over Sarbannes-Oxley

EFD 237 (6th March 2003)
Features
Measuring sustainability: is independent assurance inevitable?
The business of online government
Market Watch
US and foreign audit firms to register with PCAOB
SEC Commissioner comments on EU impact of Sarbannes-Oxley act
Accounting self-defence
Brussels Watch
Towards a pan-European securities regulator?
Takeover code in trouble amid fresh objections
Action plan on contract law
Commission plans more broadband action

EFD 236 (29th January 2003)
Features
EU finance ministers dine out on savings tax deal
EU banks in race against time
Market Watch
Parliament approves updated accounting directives
SEC adopts additional Sarbannes-Oxley rules
Brussels Watch
Commission to overhaul trademark regulation
Commission invites stakeholders to shape policies online
Disagreement continues on environment directive as decision approaches
Commission suffers golden share setback
EU attacks pension fund anomalies 

EFD 235 (12th December 2002)
Features
Savings tax deal still elusive
Are robots after your job?
Market Watch
EFRAG comments on IASB proposal
IASB proposes ban on 'pooling'
Consultations on role of IAASB
BIS analyses financial market developments
Brussels Watch
Employment: Social security for third country nationals approved
Financial Services: Lamfalussy extended to banking and insurance
Financial Services: Ecofin agrees on market abuse directive
Internal Market: Commission threatens Germany with court action over telecoms
Transport: Council reach agreement on single sky
National News
German tax plans under fire
UK communications bill
Lithuania agrees pension reform

EFD 234 (2nd December 2002)
Features
Business fights increased liability
Linux ready to open for business
Market Watch
EU companies confident over Sarbannes Oxley
SEC proposes new rules for auditors
RICOL named as IFAC president
Brussels Watch
Competition: Antitrust regulators to get wider powers
Financial Services: Banks lose battle over pre-trade price transparency
Financial Services: Controversial conglomerates directive to become EU law
Taxation: EU looks to compromise with Swiss on savings tax
National News
New consumer protection code for UK banks
IFSRA appointment raises eyebrows
Latvia prepares corporate income tax measure

EFD 232 (4th November 2002)
Features
Not so super Mario
3G still struggling to live up to the hype
Market Watch
IFAC launches task force
GAO releases financial restatements study
Convergence of accounting standards moves closer
IOSCO issues guiding principles
ICAEW approves government audit rotation proposal
Brussels Watch
Company Law: Commission to propose new corporate governance rules
Corporate Social Responsibility: Commission launches CSR reform
Corporate Social Responsibility: Ruling improves pan-European pension prospects
Environment: Conciliation committee agrees on electrical waste directive
State Aid: Commission investigates EdF's tax relief
National News
Schroeder announces welfare reform
Hungarian tax incentives under scrutiny
New rules hit Dutch pension schemes

EFD 231 (17th October 2002)
Features
No change on takeover directive
Online honours
Market Watch
Harvey Pitt addresses integration conference
Impact survey of new Basel Capital Accord
IFAC PSC release two new standards
Brussels Watch
Data Protection: Commission consults on data protection
Financial Services: Broker directive gets go ahead
Financial Services: Ecofin discusses sanctions against Switzerland
Public Procurement: Council reaches common position on utilities
National News
Italy: Corporate tax reforms
Lithuania: Financial institutions law postponed
Portugal: High-tax, high-spend budget proposed
Spain: Controversy over tax break

EFD 230 (25th September 2002)
Features
EU close to agreement on banking supervision
Automated accounting - the new breed
Market Watch
FSF reviews global financial weak spots
IFAC Internet reporting paper
Transatlantic meeting to address financial reporting
Brussels Watch
Employment: US to block EU visa waiver
Financial Services: Common position agreed on conglomerates
Financial Services: New consumer protection on loans proposal
Trade: Commission publishes sanction list
National News
Fines for failure to comply with UK competition rules
France goes back to work
Business leaders call for clear direction from Schroeder

EFD 229 (6th September 2002)
Features
European corporate governance
EU to help business fight cybersquatters
Market Watch
New IASB product timetable
SEC introduces new certification requirements
IFAC plans international education standards
Auditing fair value standard proposed
Brussels Watch
Competition: Pace of energy liberalisation slows
Financial Services: Stock exchange rejects Commission reporting proposal
Financial Services: Commission clears German 'big four' merger
Internal market: Compromise on retail promotions
Internal Market: Commission responds to criticism of US accountability law
National News
New German accounting task force
UK business attacks review of directors' roles
Czech tax proposals
Serbian pension reform

EFD 228 (9th August 2002)
Features
Financial services sector demands greater voice in securities reforms
WLAN technology comes of age
Market Watch
New US accounting reforms
New exposure draft on first time IFRS
Brussels Watch
Competition: Commission signals merger u-turn
Financial Services: EU agrees insider dealing laws
Financial Services: Transfer pricing forum off the mark
Financial Services: Investor prospectus
Internal Market: New EU guidelines on mutual recognition
National News
UK accountancy plans shelved
Italian bourse orders clampdown
German watchdog sniffing around

EFD 227 (23rd July 2002)
Features
EU attempts to inoculate European business against 'Enronitis'
ID at your fingertips
Market Watch
Timetable for new capital accord
EFRAG response to improvements exposure draft
McKinsey report on unified global standards
Brussels Watch
Company Law: New corporate governance recommendations
Competition: Microsoft judgment delayed
Financial Services: Standards for alternative trading systems
Insurance: Insurance block exemptions revised
Internal Market: European data protection consultation
State Aid: German Landesbank under investigation
National News
French market regulators to merge
Modernising UK company law
Poland's economic reforms

EFD 226 (1st July 2002)
Features
CFOs under fire
Customer retention in the 21st Century
Barriers to IAS adoption
Market Watch
EFRAG recommends block IAS adoption
Comparison of IAS, Nl-GAAP and US-GAAP
Amendments to IAS 32 and 39
Criticism of IASB insurance project
Brussels Watch
Company Law: New draft takeover code
Company Law: Access to company information to go electronic
Competition: Public services companies' accounts under fire
Financial Services: New rules on distance selling of financial services
Financial Services: New EU loan laws
State Aid: Deutsche Post ordered to repay state aid
National News
Foreign fund managers lose out in Spain
UK body to assess FSA
Swiss regulator warns banks over savings tax

EFD 225 (13th June 2002)
Features
Golden shares struck down
eSecurity: the fluctuating fortunes of PKI
Monti outlines new merger rules
Market Watch
Clampdown on non-GAAP earnings measures
Cracks appear in International Accounting Standards
Accounting standards still in the limelight
Brussels Watch
Accounting: Standardisation extended to all European companies
Competition: European court overturns Commission merger ruling
Competition: Austrian bank cartel uncovered
Employment: Code of rights for teleworkers
Financial Services: Commission opens clearing and settlement consultations
Financial Services: EU moves on pension funds
National News
UK pushes shareholder activism
Spanish shareholders wait for European takeover rules
Latvian tax reforms

EFD 224 (29th May 2002)
Features
Auditor independence
The changing face of professional development
How accountants become management material
Market Watch
IASB proposes revision of International Accounting Standards
Company revenues under spotlight in SEC investigation of round-trip deals
Brussels Watch
Banking: Euronext in retreat
Competition: Commission suggests changes to insurance block exemption system
Competition: Commission approves online reinsurance platform
Financial Services: Go ahead for collateral directive
Insurance: France back in court over mutual societies
Intellectual Property: Community patent stalled... again
National News
One-stop financial complaints service for the UK
Greek retail fund market set to boom
Bulgaria to create financial super-regulator

EFD 223 (10th May 2002)
Features
Movers and shakers in the Commission
Fighting Cybercrime
Market Watch
FEE paper on financial reporting
SEC could accept IFRS financial statements from foreign registrants
SEC: New disclosure requirement
Brussels Watch
Company Law: Company law consultation launched
Employment: New insolvency rules
Employment: Commission legal challenge to UK
Financial Services: Commission launches further disclosure consultations
Financial Services: New market abuse rules protect investors
Financial Services: New bank insurers regulation
Taxation: VAT on e-commerce directive approved
National News
Germany creates new financial regulator
Increased openness for UK pension funds
Hungarian bank opens door to outside investment

EFD 222 (23rd April 2002)
Features
Are you being paid enough?
EU rules on marketing financial services
Market Watch
New FEE study on accounting for business combinations
e-commerce: risk assessment
Hedge fund industry review
Brussels Watch
Banking: EU banks agree terms for single payment area
Employment: Commission refers Belgium and Germany to ECJ
Financial Services: Preventing a European Enron
Internal Market: EU falling behind competitiveness targets
Pensions: EP takes small step towards pensions reform
State Aid: Commission to replace employment guidelines
National News
Businesses hit by UK’s tax increases
Pensions crisis ahead for Spain?
Poland’s growth package to stimulate foreign investment

EFD 221 (9th April 2002)
Features
e-invoicing: living up to its billing
Commission to debate corporate taxation strategy
Market Watch
FEI’s recommendations for financial reform
IASB issues interpretation on website accounting
IVSC warns about national GAAP to IAS
Brussels Watch
Competition: ECJ rules in favour of Deutsche Post
Competition: Commission calls time on excessive mobile costs
Employment: More protection for temporary workers
Financial Services: New consultation on investment services directive
Financial Services: Parliament acts to prevent a European Enron
Insurance: Single registration for EU insurance intermediaries
Taxation: France and Spain threatened with court for flouting direct tax laws
National News
Germany to modernise financial regulation
Restructuring of Greek pension scheme
Slovenia divided on privatization

EFD 220 (26th March 2002)
Features
Financial services in Europe: state of play
ESOPs: the possibilities and the risks
Market Watch
IOSCO plans Enron response
Financial activity in decline?
Overhaul of SIC
IFAC explores IT monitoring
Brussels Watch
Accounting: Accounting standards get go-ahead from Parliament
Competition: Commission briefs telecoms regulators
Financial Services: Agreement on cross-border collateral rules reached
Single Market: Disputes cross-border contracts
Single Market: Commission questions Finland over small euro change
State Aid: Monti to investigate Portugese tax breaks
National News
UK policyholders advised to reconsider state pensions
Reforms forced on UK banks
No second rescue for Holzmann

EFD 219 (11th March 2002)
Features
Computing enters a new age: web services
New takeover rules to face stiff opposition
Market Watch
New version of Securities Principles
CGFS releases report on IT innovations and financing
IAIS adopts five new papers
Brussels Watch
Competition: Commission sets out new competition targets
Competition: Monti pursues European Brewer
Information Society: “.eu” Domain name approved by European Parliament
Intellectual Property: New blow to EU patent
Single Market: Parliament approves postal liberalization compromise
State Aid: Change in state aid regime for large investments
State Aid: Agreement on state aid to German banks
National News
Italy: Cgil calls general strike
Germany announces voluntary business code
UK watchdog moves to improve transparency of life assurance products

EFD 218 (21st February 2002)
Features
Accountancy’s darkest hour
Securities “fast track” reform secured
Market Watch
Fix for IAS 19 Employee Benefits
IASB improvements project
International standards for bank audits
New code of ethics for accountants
Brussels Watch
Competition: Commission clears HP takeover of Compaq
Employment: EU ministers, MEPs agree on workers’ consultation
Employment: Commission to propose temps’ rights
Insurance: Council adopts solvency margin directives
Intellectual Property: Software patents may be introduced
Taxation: US objects to EU e-commerce VAT plans
National News
Commission to take France to ECJ over customs rules
German ecotax given the green light
UK’s new rules on competition and insolvency

EFD 217 (25th January 2002)
Features
Corporate reporting moves online
A plan for pensions?
Market Watch
EFFEI elects its officers
Big 5 react to risk…
…and Basel group consults operational risk
Six new IAS interpretations
Brussels Watch
Accounting: EU directives consistent with IAS
Banking: Crédit Mutuel must repay €164 million state aid
Company Law: Legal experts outline new takeover directive
Financial Services: FESE criticises EU share prospectus plan
Intellectual Property: Commission to review licencing rules
State Aid: Commission publishes state aid scoreboard
Tax: VAT bill for online retailers
Tax: WTO rules against US subsidy
National News
Denmark updates accounting law
Court turns down French employment law
UK Financial Advice Reform

 


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