Publicação
The Regulation (EC) 1606/2002: the background of developments in banking and insurance directives
| Resumo: | The European Union has in recent decades the desire to achieve the accounting harmonization at the global level. Advanced to the harmonization of various economic and social policies, followed by several MS, under the necessity of companies, they appeal to finance scheduled capital. Regulation (EC) No. 1606/2002 of the European Parliament and the Council of 19 July 2002, aimed to make the preparation and presentation of international accounting standards for consolidated accounts of companies with securities admitted on regulated markets. Since the creation of the EEC were approved on accounting matters, four main Directives: Directive 78/660/EEC of 25 July 1978 (4th rd Directive) on the annual accounts of certain types of companies; Directive 83/349 / EEC of 13 June 1983 (7th rd Directive) on consolidated accounts; Directive 86/635/EEC of 8 December 1986 (the Banking Directive) on the annual accounts and consolidated accounts of banks and other financial institutions; Directive 91/674/EEC of 19 December 1991 (Insurance Directive) on the annual accounts and consolidated accounts of insurance undertakings. Changes made on one objective of transparency and clarification of rules, and are to be able to make comparisons in banking and insurance sector globally. Our contribution for this project will provide detailed information, as possible and accurate, as the history and subsequent evolution of changes in the Banking and Insurance Directives. |
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| Autores principais: | Reis, Dora Isabel Gonçalves dos |
| Assunto: | Harmonização Banca Seguros e Comunidade Europeia Harmonization Bank Insurance and the European Community |
| Ano: | 2010 |
| País: | Portugal |
| Tipo de documento: | artigo |
| Instituição associada: | ISCA da Universidade de Aveiro |
| Idioma: | português |
| Origem: | Estudos do ISCA |
| Resumo: | The European Union has in recent decades the desire to achieve the accounting harmonization at the global level. Advanced to the harmonization of various economic and social policies, followed by several MS, under the necessity of companies, they appeal to finance scheduled capital. Regulation (EC) No. 1606/2002 of the European Parliament and the Council of 19 July 2002, aimed to make the preparation and presentation of international accounting standards for consolidated accounts of companies with securities admitted on regulated markets. Since the creation of the EEC were approved on accounting matters, four main Directives: Directive 78/660/EEC of 25 July 1978 (4th rd Directive) on the annual accounts of certain types of companies; Directive 83/349 / EEC of 13 June 1983 (7th rd Directive) on consolidated accounts; Directive 86/635/EEC of 8 December 1986 (the Banking Directive) on the annual accounts and consolidated accounts of banks and other financial institutions; Directive 91/674/EEC of 19 December 1991 (Insurance Directive) on the annual accounts and consolidated accounts of insurance undertakings. Changes made on one objective of transparency and clarification of rules, and are to be able to make comparisons in banking and insurance sector globally. Our contribution for this project will provide detailed information, as possible and accurate, as the history and subsequent evolution of changes in the Banking and Insurance Directives. |
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