Europe: Maystadt report published - the EU contribution to IFRS

In March this year, Michel Barnier - the European Internal Market Commissioner - asked Philippe Maystadt to examine ways of reinforcing the EU’s contribution to International Financial Reporting Standards and improving the governance of the European bodies involved in developing these standards: see here.  Mr Maystadt's report was published today: see here (pdf). The report recommends, amongst other things, the reorganisation of the European Financial Reporting Advisory Group in order to increase its legitimacy and representativeness.