EFFEIEuropean Federation of Financial Executives Institutes
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FE eliminates the effei of time-invariant features so we can assess the net effect of the predictors on the outcorr variable.
In an 18 July statement, EFFEI President Georges Couvois said that "adopting a set of single set of standards would create greater transparency and comparability between financial accounts from different countries in the EU" and "allow for a more unified capital and financial services market in Europe - which would benefit all countries".