Monday, June 23, 2008

Lagarde calls for changes to fair value accounting


French plan to push for changes from the IASB during their forthcoming EU presidency

France’s finance minister Christine Lagarde has said she would like to see amendments to international accounting standards on mark-to-market rules.

Her comments were made in an interview with the Financial Times and come just weeks before France takes up its EU presidency on 1st July.

Lagarde is to meet City financiers later today to discuss measures to help restore financial stability.

See full Article.