NASD Launches International Accounting Standards Symposium

Washington (Jan. 28, 2003)– Transparency and efficiency in capital markets are the key topics for “Global Adoption of International Accounting Standards” – the first in a series of international symposiums sponsored by the National Association of Securities Dealers, a private-sector provider of financial regulatory services.

International business and regulatory leaders will debate the merits of — and need for — establishing a set of internationally accepted accounting standards. Among those participating in the symposium are Howard Davies, chairman of the U.K.’s Financial Services Authority; Henry Paulson Jr., chairman and CEO of Goldman Sachs; Sir David Tweedie, chairman of the International Accounting Standards Board; Roel Campos, SEC commissioner; Peter Fisher, U.S. Treasury undersecretary; and NASD chairman and CEO Robert Glauber.

“By providing a forum for leading experts in the industry to share and develop new ideas, the NASD hopes that further strides can be made in promoting fair markets,” said Douglas H. Shulman, the NASD's president of regulatory services and operations. “Reliable and consistent accounting is a cornerstone of market transparency, and therefore, the topic of this forum is one that impacts companies and individuals around the world.”

The inaugural symposium will be at Harvard Law School on Feb. 3, 2003.

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