The IASB has uploaded to its site an article on the history of IFRSs in Europe. Financial journalist Robert Bruce provides a retrospective on the adoption of IFRS in Europe, discussing the successes, challenges and effects of the ‘brave decision’ of Europe to move to IFRSs from 2005, the resultant impacts on global standard-setting, the governance and other lessons learned from the process and what it means for the future.