IFRS Foundation Names Prada Chair

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The IFRS Foundation, which oversees and fundraises for the IASB, announced today the appointment of Michel Prada as Chairman of the IFRSF Board of Trustees. Prada, former Chairman of the French securities regulator, the Autorité des Marchés Financiers (AMF) (note: google toolbar has a pretty neat translation function to translate the AMF website into English), and former Chairman of the Executive and Technical Committees of the International Organization of Securities Commissions(IOSCO), will serve a three-year term as IFRS Foundation Chairman, commencing Jan. 1, 2012.

Prada's appointment was unaimously approved by the IFRS Foundation Trustees, and subsequently approved by the IFRS Foundation Monitoring Board, according to the IFRS Foundation's announcement.

Read more about Prada, and the potential impact of his appointment, here.

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