Panel set up by the International Accounting Standards Board says problem was that some institutions were inexperienced with the rules.
A standards body tasked with reviewing fair value guidance in the wake of the credit crunch has announced that it does not require an overhaul.
The group was put together through the International Accounting Standards Board in an effort to confer on how best to resolve the question of valuations of hard-to-price assets whose markets have become inactive.
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