Fair value accounting rules eased

Article reports that European banks will be able to more easily shield assets from the scrutiny of marking to market prices under emergency changes agreed by international accounting rulemakers.

ESO: Background information: IASB calls credit crunch meeting http://www.europeansources.info/record/iasb-calls-credit-crunch-meeting/

ESO: Background information: Fair value accounting is the wrong scapegoat for this crisis http://www.europeansources.info/record/fair-value-accounting-is-the-wrong-scapegoat-for-this-crisis/

IASB: Press Release, 13.10.08: IASB amendments permit reclassification of financial instruments http://www.iasb.org/News/Press+Releases/IASB+amendments+permit+reclassification+of+financial+instruments.htm

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