IFRS trustees chair Tommaso
Padoa-Schioppa, 70, passed away on Saturday 18 December following a
heart attack.
Earlier this year he was
appointed chairman of the board of trustees of the International
Accounting Standards Committee Foundation, recently renamed
International Financial Reporting Standards Foundation
(IFRS). 
Padoa-Schioppa was widely
considered to be one of the architects of the Euro. He was also a
member of the European Central Bank’s first executive board and
Italy’s former economic minister.
IASB chairman David Tweedie
said Padoa-Tommaso possessed a rare combination of intellect and
vision, delivered with a wry smile.
“He was a friend and
colleague and will be missed by many, many people. I am greatly
saddened by this news,” Tweedie said.
