Nicolas Véron

US Adoption of IFRS: My Letter to the SEC

 

The US Securities and Exchange Commission has conducted a public consultation on the roadmap it proposed last year (under then-Chairman Chris Cox) to adopt International Financial Reporting Standards in America. Yesterday I responded with a few suggestions about how the SEC should both support IFRS, and push for reforms of standard-setting and global enforcement.

Click here to download my letter, as subsequently published by Bruegel in its Policy Contribution series.

Europe's Banking Gordian Knot

In this column published today in La Tribune, I note that European Policymakers have not started to tackle the necessary restructuring of the banking sector. On the continent, the industry is too integrated to be handled on a purely national basis. But there is no working cross-border policy framework yet. Urgent action is needed -- and the political challenges are breathtaking.

Click here to download the piece in English, and click here to download it as originally published in French.

Taming the US Oligarchs

In this new post for the National Journal's Economy Blog, I comment Simon Johnson's widely-read piece in the Atlantic in which he compares the US situation with many emerging countries' "crony capitalism". While I essentially agree with Johnson's assessment, I also bring some qualifications.

Click here in case the above link does not work - but the blog version is better as it also includes other participants' views.

An assessment of the London Summit

In this post on the National Journal's economy expert blog, I look at last week's London summit and try to compare what it achieved with what it could realistically be expected to. This leads me to a fairly positive assessment.

Click here if the above link does not work - but the online version is better.