The European Commission has proposed regulation that would require all EU companies listed on a regulated market, including banks, to use IAS in preparing consolidated accounts beginning no later than 2005. The proposal is one of the measures taken under the Financial Services Action Plan.
More information is available on the EUs Web site .
The amicus brief and related filing motion were filed jointly on 20. February 2001, by The Bond Market Association and a range of other domestic U.S. securitisation market participants.