EU delays adoption of accounting rule changes

Article reports that the European Commission has delayed the introduction in the European Union of a radical overhaul of accounting rules for banks and insurers which came into force across most of the world outside the US on the 12 November 2009.

ESO: Background information: Brussels warning on fair value shake-up http://www.europeansources.info/record/brussels-warning-on-fair-value-shake-up/

IASB: Press Release, 12.11.09: IASB completes first phase of financial instruments accounting reform http://www.iasb.org/News/Press+Releases/IASB+completes+first+phase+of+financial+instruments+accounting+reform.htm

---