After Brexit, the UK will become a third country. In the absence of a transitional agreement, its access to the EU markets will be conditioned on meeting the condition of “equivalence of regulation and supervision” as laid down in many EU regulations. Although in substance the UK regulations...

This paper gives an overview of the new international standard for accountants in case an accountant comes across or is informed that breaches of laws and regulations have been committed in the company he is auditing, or in which he is professionally involved. The standard mainly belongs to the...

The Regulation on the Single Supervisory Mechanism mandates the European Central Bank to exercise prudential supervision on the banks located in the Euro area, whether directly by the Bank's own services for the significant banks, or indirectly by the national prudential supervisors but under...

The Regulation on the Single Supervisory Mechanism mandates the European Central Bank to exercise prudential supervision on the most significant banks located in the Euro area, whether directly by the Bank's own services, or indirectly by the national prudential supervisors but under the general...

Standard setting for accountants and auditors takes places in international bodies, organised within the framework of the International Federation of Accountants. These are the International Standards on Auditing (ISAs) and the ethical standards. External oversight is exercised by the Public...

The European Commission launched, in April 2014, a new initiative to amend the shareholder rights directive as regards to the encouragement of long-term shareholder engagement. Under this heading, the Commission proposal intends to grant rights to shareholders concerning director remuneration...

Everyone working in the field of financial regulation – but in other fields as well - is struck by the great number of documents that are being proposed or adopted in this field by the international institutions (FSB, BCBS, BIS, OECD, etc.), but even in greater quantity, by the European...

The members of the former Reflection Group on the Future of EU Company Law, which published its report in April 2011, decided to publish their views on the “Action Plan on European Company Law and Corporate Governance” of the European Commission of 12 December 2012 as well as subsequent and...