We promote ourselves as a financial services sector and subsidiaries of major public companies in North America and Europe are incorporated here. These subsidiaries must adhere to the Sarbanes Oxley or similar legislation and this has the potential for exposing local auditors to higher scrutiny, not only from local regulators but foreign ones as well. These include Securities Commissions and Accounting Oversight Bodies.
The mutual interdependence of statistics compilers would then increase, which in turn calls for a further strengthening of international statistical governance.” That being said, I now turn to the subject that brought us here today, which is twofold: the Lisbon Workshop and the related Banco de Portugal’s sponsorship of the book that celebrates the 20th Anniversary of the CMFB.