ECB accepts planned accounting rules

A report said that the European Central Bank is no longer worried over the introduction of planned accounting rules to help improve transparency in financial reports.

According to Reuters, European regulators said this Saturday, raising hopes that the standards would be endorsed this year.

The bank had voiced concern that volatility of banks' and insurers' accounts would worsen if rules were approved to regulate financial instruments like derivatives. Global standard-setters at the Internationa

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