Financial Services Agency Announces Appointment of New Chair for the IFRS Foundation Monitoring Board
Tokyo, Japan – August 19, 2025 – The Financial Services Agency (FSA) today announced the appointment of a new Chair for the Monitoring Board of the IFRS Foundation. This significant development underscores the ongoing commitment to robust oversight and effective governance within the global accounting standards-setting body.
The IFRS Foundation is responsible for developing and promoting International Financial Reporting Standards (IFRS), which are crucial for ensuring transparency, comparability, and efficiency in financial markets worldwide. The Monitoring Board plays a vital role in overseeing the Foundation’s activities, including the appointment of Trustees and ensuring the independence of the International Accounting Standards Board (IASB).
The FSA’s announcement, published at 17:00 JST, confirms the selection of a new Chair who will bring valuable experience and leadership to this important international body. While specific details regarding the individual’s background and the exact date of the transition were not immediately available in the initial announcement, the appointment signifies a crucial step in the continuous governance evolution of the IFRS Foundation.
This appointment is expected to further strengthen the relationship between regulatory bodies and the IFRS Foundation, fostering a collaborative environment for the advancement of high-quality global accounting standards. The FSA’s proactive engagement in the governance of international standard-setting bodies reflects Japan’s dedication to promoting global financial stability and facilitating cross-border investment.
The selection of a new Chair for the Monitoring Board is a testament to the IFRS Foundation’s commitment to maintaining best practices in governance and ensuring accountability. This move will be closely watched by stakeholders in the global financial community, as effective leadership within the Monitoring Board is essential for the continued credibility and relevance of IFRS Standards.
Further details regarding the new Chair and the transition process are anticipated to be released in due course. The FSA remains committed to supporting the IFRS Foundation in its mission to deliver consistently high-quality accounting standards for the benefit of global capital markets.
国際会計基準(IFRS)財団モニタリング・ボードによる議長選出について公表しました。
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金融庁 published ‘国際会計基準(IFRS)財団モニタリング・ボードによる議長選出について公表しました。’ at 2025-08-19 17:00. Please write a detailed article about this news in a polite tone with relevant information. Please reply in English with the article only.