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Sep 30, 2003

No switch, please – we're British

It's not every day that the head of the UK's Financial Services Authority feels he has to send a stern warning letter to UK-listed companies. When he does wield his mighty pen you can bet that it relates to issues of serious concern.

It's not every day that the head of the UK's Financial Services Authority feels he has to send a stern warning letter to UK-listed companies. When he does wield his mighty pen you can bet that it relates to issues of serious concern.Sir Howard Davies, chairman of the UK's Financial Services Authority, wrote to company secretaries last month to remind them that all EU-listed companies required to publish consolidated accounts have to prepare them according to international accounting standards

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