IASB questions relaxing of fair value accounting

Report of a FT video interview with Sir David Tweedie, head of the International Accounting Standards Board. He said that European banks’ accounting practices have worsened as a result of the easing of fair value accounting standards.

ESO: Background information: Brussels defuses threat of 'fair value' demands http://www.europeansources.info/record/brussels-defuses-threat-of-fair-value-demands/

International Accounting Standards Board: Homepage http://www.iasb.org/

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