• français
    • English
  • English 
    • français
    • English
  • Login
JavaScript is disabled for your browser. Some features of this site may not work without it.
BIRD Home

Browse

This CollectionBy Issue DateAuthorsTitlesSubjectsJournals BIRDResearch centres & CollectionsBy Issue DateAuthorsTitlesSubjectsJournals

My Account

Login

Statistics

View Usage Statistics

Fair Value Accounting and the Banking Crisis in 2008: Shooting the Messenger

Thumbnail
Date
2009
Dewey
Contrôle de gestion Comptabilité
Sujet
Basel II; IAS 39; Financial Crisis
JEL code
M41
Journal issue
Accounting in Europe
Volume
6
Number
1
Publication date
2009
Article pages
3-24
Publisher
Routledge
DOI
http://dx.doi.org/10.1080/17449480902896346
URI
https://basepub.dauphine.fr/handle/123456789/5008
Collections
  • DRM : Publications
Metadata
Show full item record
Author
André, Paul
Cazavan-Jeny, Anne
Dick, Wolfgang
Richard, Chrystelle
Walton, Peter
Type
Article accepté pour publication ou publié
Abstract (EN)
The paper sets out to analyse the effects of the financial crisis on the international standard-setter in 2008 and the attempts made to shoot the messenger - to blame IAS 39 for creating the crisis for reporting unrealised losses, rather than the cause being bankers making bad investment decisions. It first provides a brief analysis of IAS 39 and fair value accounting for financial instruments. It then sets out the relationship with the Basel II banking regulatory regime. The main part of the paper is a chronological presentation of the events of 2008 as they impact upon the international standard-setting institution. In particular, we analyse the impact of the G20 requirements and the blunt intervention of the European Commission that led to amendments to IAS 39. The final part of the paper looks at the consequences as they are so far discernible and the damage done to the IASB by shooting the messenger.

  • Accueil Bibliothèque
  • Site de l'Université Paris-Dauphine
  • Contact
SCD Paris Dauphine - Place du Maréchal de Lattre de Tassigny 75775 Paris Cedex 16

 Content on this site is licensed under a Creative Commons 2.0 France (CC BY-NC-ND 2.0) license.