ESBG supports a more flexible application of the fair value approach

Date

10 Oct 2008

Sections

Competition

The ESBG strongly supports the initiatives taken last week, notably by the IASB last Friday, with a view to achieving a more flexible application of the fair value approach. This would not only remove some of the current pressure on banks but would also help to provide a more accurate image of the actual financial situation of many institutions worldwide.