CESR Opposes FASB Accounting Changes

01 Oct 2010

The Committee of European Securities Regulators is against aspects of the Financial Accounting Standards Board's approach for classifying and measuring financial instruments, such as derivatives.

The Committee of European Securities Regulators is against aspects of the Financial Accounting Standards Board's approach for classifying and measuring financial instruments, such as derivatives. CESR, which is against FASB's proposals, including having embedded derivatives valued as stand-alone instruments, instead prefers the approach taken by the International Accounting ...

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