Oireachtas Joint and Select Committees

Wednesday, 25 February 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Photo of Susan O'KeeffeSusan O'Keeffe (Labour) | Oireachtas source

As regards the large book, the international accounting standards we have been discussing, there have been criticisms over the years by the European Parliament, the Securities and Exchange Commission, SEC, and other people. Who decides to change them? Obviously, it is a long and complex process but are corporations or large financial institutions allowed to lobby and keep things or change them?

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