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Home > QFINANCE Dictionary > Definition of harmonization

Definition of


  • 1. Finance

    equality of financial and social regulation the convergence of financial and social regulation in the countries of the European Union

  • 2. General Management

    equalizing pay and conditions the resolution of inequalities in the pay and conditions of employment between different categories of employees

  • 3. General Management

    equalizing benefits of related companies the alignment of the systems of pay and benefits of two companies that become one by merger, acquisition, or takeover

  • 4. General Management

    equalizing treatment of full- and part-time employees the process of removing differences between groups of employees, such as full- and part-time staff, with regard to terms and conditions of employment such as rates of pay, pension rights, and vacation entitlement

harmonization - Related Articles
  • Standard Procedure: IFRS Harmonization


    The watchword is harmonization rather than standardization. One oddity is that the United States is still keeping everyone guessing about when and how it might, in practice, move to IFRS.
    By Victor Smart

  • The Payment Services Directive: A Crucial Step Toward Payment Harmonization Across the EU

    Best Practice

    in the EU/EEA. The EU Commission is also working on a proposal for a regulation setting end dates for the migration of national credit transfers and direct debits to SEPA. Thus, the PSD should be seen as one major step, rather than as the final step, in Europe’s drive for harmonization.
    By Björn Flismark

  • Identifying the Main Regulatory Challenges for Islamic Finance

    Best Practice

    So, the biggest challenge faced by the regulators of Islamic finance is harmonizing and standardizing these interpretations into a consistent and efficient regulatory framework that will ensure unimpeded Islamic financial intermediation amongst the participants.
    By Bilal Rasul

  • The Rationale of International Financial Reporting Standards and Their Acceptance by Major Countries

    Best Practice

    The need for a harmonized, high-quality set of accounting rules is not new. Several initiatives have been taken to arrive at a globally accepted set of financial reporting standards. An important player in this is the European Union. Since the 1970s it has made serious efforts to harmonize
    By Véronique Weets


Definitions of ’harmonization’ and meaning of ’harmonization’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’harmonization’ and other financial terms with our online QFINANCE Financial Dictionary.

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