In relation to the financial market, the fact that market conditions are becoming increasingly convergent worldwide. The reasons for this are – the development of corresponding financial innovations and advances in information and communications technology, – the liberalization and deregulation of financial markets observed in all countries, and – the convergence of the regulations of national supervisory authorities up to uniform accounting standards, such as IFRS. – See alliances, cross-border, banking supervision, European, Basel II, IAS, world exchange.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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