Adviser on Accounting and Auditing
Financial Stability Board
Richard Thorpe is Adviser on Accounting and Auditing at the Financial Stability Board based at the Bank for International Settlements in Basel. He is responsible for all accounting, auditing and public reporting policy, including the FSB’s work on converged accounting standards, on risk disclosures, and on enhancing audit quality in the audits of Globally Significant Financial Institutions. He is also responsible for work on long-term investment, and contributes to work on capital standards for insurers and on corporate liability structures. Richard joined the FSB in January 2013, and before that was Head of Accounting and Audit Policy at the UK Financial Services Authority, where he led work on enhancing audit quality and public disclosures, as well as all aspects of accounting policy across banking, insurance and securities regulation. Richard is a UK chartered accountant who has worked in financial services regulation for over 30 years.