International Financial Law Prof Blog

Editor: William Byrnes
Texas A&M University
School of Law

Sunday, February 22, 2015

EU Capital Markets Plan Raises Concerns On Financial Reporting for Smaller Entities

Bloomberg reports: The European Union's strategy to forge a capital markets union by 2019 poses tough questions about what accounting standards should apply to small and medium sized enterprises, the U.K. Financial Reporting Council said Feb. 18.

The European Commission's Green Paper on the Capital Markets Union “opens the debate around accounting standards for smaller listed entities, an area of keen interest for the FRC,” council CEO Stephen Haddrill said in a statement. ...

The EC is consulting on the green paper through May 13, and is soliciting feedback on whether developing a common EU-level accounting standard for small and medium-sized companies listed on MTFs could prove valuable. ...

The commission also is asking if such a standard could become a feature of SME Growth Markets.

read the Bloomberg story

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