Adoption of IAS 39: Letter of Support for Implementation from Richard Raeburn as Published in the FT

UK needs to push the EU on IAS 39

Extract from Financial Times letters page 30th August 2004

Sir, Despite the doldrums of August, the European Union has been sailing closer to a wholly unsatisfactory conclusion on adoption of IAS 39; and if the cause of international convergence in accounting - which should also mean improved corporate governance - is to flounder, the European banking sector may have much to answer for.