The Certified General Accountants Association of Canada (CGA-Canada) and the Association of Chartered Certified Accountants (ACCA) are hosting a roundtable discussion on the future of financial regulation at the Canada House in London, England on April 22.

A panel of financial experts from organizations within Canada and the UK will debate financial regulatory reform and explore the implications of the recent G20 Summit report. Each member of the panel brings a diversity of experience, a variety of perspectives and a uniformly high degree of financial expertise.

“The forum we are holding on the future of financial regulation is the latest project in our growing relationship with the ACCA,” says Anthony Ariganello, president and CEO of CGA-Canada. “The roundtable discussions will provide our respective associations with guidance to support policy makers as they reform the framework of financial regulation.”

The discussions being held by the respective accounting bodies are of significant importance following the G20 Summit in London only a few weeks before. CGA-Canada and the ACCA are in agreement with the leaders of the G20 Summit about the need to rebuild trust in the financial system and make improvements to the international regulatory framework.

“It is clear that the financial crisis and other issues such as climate change are too large for individual nations to tackle on their own,” says Richard Aitken-Davies, president of ACCA. “I am pleased that our two organizations, with our global perspective, are meeting to explore how we can contribute to the policy making process.”

Ariganello points out that the current crisis has illustrated the interdependence of financial markets and there is a need for collaboration and cooperation between regulatory agencies, both within and across national boundaries. CGA-Canada will be preparing and making available a summary report at the conclusion of the forum.

IE