Global Standards for the world economy

Thursday 03 December 2020

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IFRS Research Centre

IFRS Research Centre

Tommaso Padoa-Schioppa Memorial Lecture

The Tommaso Padoa-Schioppa Memorial Lecture is an international event that is designed to encourage thinking and research that is relevant to the activities of the IFRS Foundation.

The Tommaso Padoa-Schioppa Memorial Lecture was inaugurated in 2014 by the IFRS Foundation and the Padoa-Schioppa family in honour of the late Mr Tommaso Padoa-Schioppa, a former Minister of Economy and Finance in Italy, a long-time member of the European Central Bank executive board, and former President of the Basel Committee on Banking Supervision.

He is also widely considered to be a founding father of the European single currency.

Mr Padoa-Schioppa was a firm believer in the benefits of, and the need for, a single global financial reporting language in international financial markets, and in particular in his role as Chairman of the IFRS Foundation Trustees.

In line with his belief in the necessity of IFRS and its importance for the healthy functioning of international capital markets, the Tommaso Padoa-Schioppa Memorial Lecture aims to support thinking that focuses on the interaction between financial reporting requirements and public policy or that contributes to advancing an understanding of the interaction between financial markets’ performance and international financial reporting requirements.

The Tommaso Padoa-Schioppa Memorial Lecture will take place in changing locations around the world to attract and involve academics and relevant practitioners in the work of the IASB.

The inaugural 2014 Tommaso Padoa-Schioppa Memorial Lecture took place in London on 9 July 2014.  Mr Mario Draghi, President of the European Central Bank, provided the keynote speech.  A video and transcript of the keynote speech and the opening remarks by Michel Prada, Chairman of the IFRS Foundation Trustees, are available here.