Brussels yet to sign key accounting pact

Article reports that international accounting rulemakers could yet come under pressure to ease 'fair value' rules after it emerged that the European Commission has yet to sign a key agreement. The move comes just after US rulemakers faced a barrage of criticism, April 2009, for easing their own rules as a result of political pressure in a move likely to boost bank profits.

European Commission: DG Internal Market and Services: Business environment: Accounting http://ec.europa.eu/internal_market/accounting/index_en.htm

ESO: Background information: IASB chairman warns on risk to rules http://www.europeansources.info/record/iasb-chairman-warns-on-risk-to-rules/

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

IASB: Press Release, 2.4.09: Trustees express support for fundamental and urgent review of financial instruments accounting and conclude inaugural meeting with Monitoring Board http://www.iasb.org/News/Press+Releases/Trustees+express+support+for+fundamental+and+urgent+review+of+financial+instruments+accounting+and+c.htm

IASB: Press Release, 2.4.09: Press release from IASC Foundation Monitoring Board http://www.iasb.org/News/Press+Releases/Press+release+from+IASC+Foundation+Monitoring+Board.htm

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