CESR is closely monitoring recent developments on fair value accounting of financial instruments and therefore as an organisation composed of EU securities regulators and enforcers, CESR strongly welcomes the actions taken by the IASB to develop guidance on measuring and disclosing the fair value of financial instruments in non-active markets. CESR hopes that the additional educational guidance prepared by the IASB Expert Advisory Panel will contribute to ensure that confidence is restored and transparency is enhanced in financial markets.
Further information can be found in the press release published today.
