Accountancyage.com, 08.10.2012

AT TIMES IT MUST FEEL to Sajjad Karim like he has been tasked with pushing an elephant up a staircase.

The British MEP is currently steering the European Commission's contentious planned reform of the audit market through the European parliament. As the rapporteur – Karim inherited the brief in January – he has the unenviable task of agreeing a text that is acceptable to the EC and can feasibly be navigated through the entrenched positions of Europe's policymakers.

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Indexuniverse.com, 29.09.2012

The exchange-traded market is likely to be one casualty of the European Parliament's decision to allow financial advisors to continue taking commissions.

On Wednesday night the European Parliament’s Committee on Economic and Monetary Affairs voted on the issue of “inducements”. These are commissions that financial advisers receive from providers for selling financial products, but which prevent EU citizens from receiving unbiased financial advice.

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Accountancyage.com, 17.09.2012

THE LARGEST INVESTORS in Europe have ganged together in a last-minute bid to urge the European Commission to push ahead with tougher audit reform proposals, ahead of a European Parliament debate this week.

Signatories of a joint letter sent to the EC included Euroshareholders, a group of about 30 European national shareholder associations, the investment arm of Legal & General and the Universities Superannuation Scheme.

The group of investors represent about €732bn (£590.5bn) and have set out their thoughts and proposals in a letter to European Commissioner Michel Barnier (pictured).

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