Brussels warning on fair value shake-up

The European Commission has warned the International Accounting Standards Board that a radical overhaul of rules on how banks value their assets could lead to greater volatility in their accounts, undermining broader financial stability.

IASB: Projects: IASB Projects: Financial Instruments: Replacement of IAS 39 http://www.iasb.org/Current+Projects/IASB+Projects/Financial+Instruments+A+Replacement+of+IAS+39+Financial+Instruments+Recognitio/Financial+Instruments+Replacement+of+IAS+39.htm

ESO: Background information: Why the issue of convergence should remain on backburner http://www.europeansources.info/record/why-the-issue-of-convergence-should-remain-on-backburner/

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

ESO: Background information: Brussels yet to sign key accounting pact http://www.europeansources.info/record/brussels-yet-to-sign-key-accounting-pact/

Website: International Accounting Standards Board (IASB) http://www.iasb.org/Home.htm

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