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).   Tommaso Padoa-Schioppa

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.

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