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Financial Reporting in a Changing World, Brussels, 7 – 8 May 2009

The European Commission hosted a Conference on Financial Reporting in a Changing World in Brussels on the 7th and 8th of May. The conference addressed a broad range of accounting issues both from a political and technical angle, covering short as well as long term issues. The first day concentrated on overall policy issues in financial reporting.

The second day was dedicated to accounting issues raised by the financial crisis such as the pro-cyclicality of financial statements and possible remedies, i.e. dynamic provisioning. The conference was concluded with a discussion on possible issues for the future direction of financial reporting, which have also a different link to the broader debate on corporate governance.

• Conference Programme
• Conference Summary

Pictures

• Photo gallery

Presentations & Video

Part 1: General Policy Issues
Keynote Address: Charlie McCreevy, European Commissioner
John Smith, IASB Member
Julie Erhardt, Deputy Chief Accountant, SEC (not available, see video)
Stig Enevoldsen, Chairman, EFRAG TEG
Gunnar Miller, Managing Director, RCM-Allianz Global Investors & Member of Corporate Reporting Users' Forum (CRUF)
Panel Discussion – Q & A (led by Pierre Delsaux, Director, DG MARKT)
Video part 1
Part 2: Accounting issues related to the crisis
Paul Ebling, EFRAG Technical Director
Mauro Grande, Director of Financial Stability and Supervision, ECB
Ian Mackintosh, Chairman, UK ASB
Jesús Saurina, Head of Department of Financial Stability, Bank of Spain
Panel Discussion – Q & A (led by Jeroen Hooijer, Head of Unit, DG MARKT)
Video part 2
Part 3: The future direction of accounting
David Phillips, PWC Corporate Reporting Partner
Hans van Damme, FEE President
Peter Clark, Director of Research, IASB
Jérôme Haas, Deputy Director, Ministry of Finance (not available, see video)
Philippe Bordenave, CFO of BNP Paribas Group
Panel Discussion – Q & A (led by Jeroen Hooijer, Head of Unit, DG MARKT)
Closing Address: Jörgen Holmquist, Director-General of DG Internal Market & Services
Video part 3