International Accounting Standards Board (Hansard, 11 May 2004)

HC Deb 11 May 2004 vol 421 c280W 280W

§ Mr. Martyn Jones
To ask the Chancellor of the Exchequer what assessment he has made of the effect of the proposed changes by the International Accounting Standards Board to IAS39 on dormant accounts held by retail banks. [171995]

§ Ruth Kelly
When new International Accounting Standards come into force for listed groups in the EU at 1 January 2005, retail banks will need to ensure that they comply with those standards rather than existing UK accounting standards across all aspects of their business.