IASB has sent out invitations to senior bankers and regulators to form another group to look into ‘fair value’ problems
The International Accounting Standards Board (IASB) is establishing another working group, which will examine the problems of valuing securities in illiquid markets, and has sent out invitations to senior bankers and regulators.
Financial institutions have recorded more than $300bn of write-downs, many hitting profits directly as market seizures have caused prices to plummet. For many, values are expected to be at least partly written back up as markets recover, according to the Financial Times.
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