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Home > QFINANCE Dictionary > Definition of harmonization

Definition of

harmonization

  • 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
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    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.
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    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
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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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