Abstract (EN)

The European Union decision of adopting the International Accounting Standards for the whole of its countries members was deeply contested by the European banks. In fact, the banking industry was completely opposed to IAS 39 which treats the financial instruments. This standard introduced the “Fair Value” as the principal evaluation model for financial instruments. This model will have very big impacts for the banks because of returns and equities inducted volatility. We tried to explicit the major repercussions which are anticipated of this evaluation model in order to explain the opposition of the French Banking Industry to IAS 39.