The current financial turmoil has foÂcused attention on fair value accounting and some of the complex measurement issues that underpin the functioning of financial markets. In response to these developments, EU finance ministries have identified valuation standards, particularly when market liquidity is falling, as one of the priority areas for examination at European and indeed global level. The ongoing international debate has centred on the possible benefits and limitations of marking assets and liabilities to their market value in times of high market volatility.
Organised jointly by the Institute of Chartered Accountants in England and Wales (ICAEW) and the European Capital Markets Institute (ECMI), the Roundtable on 8 July, 2008 sought to promote a policy dialogue on the usefulness of fair value to serve the informational needs of financial services providers, investors, consumers and regulators.
The event will also mark the launch of the ICAEW Financial Services Faculty paper Measurement in Financial Services.
Speakers
- Mark Rhys (IAEW)
- Ulf Linder (European Commission)
- Paul de Grauwe (University of Leuven)
- Fernando Restoy (CESR)
- Philippe Danjou (AMF)
Materials and presentations available
Please see the attachments below.