Lost in translation

EU transparency


The EU is committed to creating a single European financial services market, and the harmonisation of disclosure and transparency requirements is touted as a driving force towards market standardisation. So when European finance ministers voted in November to strike a clause from the EU transparency directive that would impose a quarterly reporting requirement on any company whose securities trade in the EU, sighs of frustration were heard across Euroland.

Within the context of the entire Financ

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