Activities of Louis MICHEL related to 2016/2006(INI)
Plenary speeches (1)
International Accounting Standards (IAS) evaluation (A8-0172/2016 - Theodor Dumitru Stolojan) FR
Amendments (2)
Amendment 1 #
Draft opinion
Recital B
Recital B
B. whereas the financial and economic crisis has necessitated reform of the international financial and reporting standards (IFRS) towards greater transparency an, better governance of economic systems and increased comparability;
Amendment 4 #
Draft opinion
Paragraph 3
Paragraph 3
3. Notes that the implementation of IFRS has contributed to enhancing the overall effectiveness, relevance and quality of financial data and statements, to the benefit of the single market and capital markets; notes that the IFRS standards promote a borderless and increasingly finance- oriented economy; notes the coordinating role of the European Securities and Market Authorities (ESMA) in enabling a consistent application of those standards across the Union;