The United States, which has its own standard setter, insists on full provisioning from the start.

Prior to that he had been the first full-time chairman of the UK accounting standard setter, the Accounting Standards Board.

United States standard setter leaning to more radical reform on valuing assets, a step that compiler of IFRS has said it won't follow.

But the world standard setter for youthful redpointing is undoubtedly Adam Ondra, the Czech who climbed 5.14b before turning 12.

Status: Global securities standards setter IOSCO has published principles for regulating hedge funds.

Neither of these methodologies has been endorsed by accounting- standard setters, the Government Accountability Office or any other authority.

Some policymakers and standard setters have also begun calling for changes but so far no finance minister has lent support.

O'Regan said this "alphabet soup" of sustainability standard setters was a distraction and called for a standardised global regime.

These projects are verified under the American Carbon Registry, Climate Action Reserve, or Verified Carbon Standard -allrigorous third-partystandard setters of legitimacy.

He also said that U.S. and international accounting standard setters must reach an agreement on how banks value the loans on their books.