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European Commission appoints EFRAG chair

The European Commission has nominated Wolf Klinz as chair of the European Financial Reporting Advisory Group (EFRAG).

Klinz will take office once his nomination has been submitted to the European Parliament and Council and he has been appointed by EFRAG's general assembly.

A former European Parliament member with the Free Democratic Party of Germany (FDP), Klinz was previously chairman of the Special Committee on the Financial, Economic and Social Crisis (CRIS), a group established in 2009 to study the financial crisis and propose preventative measures for the future.

Klinz was also a member of the European Parliament's Committee on Economic and Monetary Affairs (ECON), which oversees the European Central Bank (ECB).

EFRAG was established in 2001 to provide the European Commission with technical expertise and advice on accounting matters, in particular on all issues relating to the application of IFRS in the EU.


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