The IAA is pleased to announce that it is an active participant in the work of a joint task force reporting to the G-20 on regulatory convergence.

The task force was established in May 2011 at the request of the Presidency of the G-20, to provide the G-20 with an analysis of the development of financial policy and regulation to facilitate economic stability in the world’s capital markets, focusing particularly on issues of regulatory convergence. The joint task force has issued an interim report. A final, more detailed report is to be delivered to the G-20 deputies at the end of September, prior to the G-20 Heads of Government summit in November.

In addition to the IAA, membership of the task force includes representation from the following international private sector organisations:

International Federation of Accountants (IFAC)
Institute of International Finance (IIF)
International Accounting Standards Board (IASB)
International Corporate Governance Network (ICGN)
International Valuation Standards Council (IVSC)
International Insurance Society (IIS)
CFA Institute (CFAI)
INSOL International

To coordinate our input, which cuts across several IAA committees, a Regulated Professions Task Force has been established by the Executive Committee, under the leadership of Immediate Past President, Paul Thornton.

In common with other organizations represented on the task force, the IAA will be seeking the views of its members before final recommendations are made to the G-20.

For more information on the work of the IAA on this topic, please contact the Secretariat for the attention of the Chairperson of the IAA Regulated Professions Task Force.