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GAAP.RUNewsTurner and Tweedie to the rescue

Turner and Tweedie to the rescue

IASB proposal would leave core financials in banks’ annual reports “unpolluted” by regulatory calculations

Author: Mario Christodoulou

Publication date: 5 March 2010

Standard setters and regulators may join forces under a plan which could preserve global economic stability without manipulating accounting rules.

Chairman of the International Accounting Standards Board (IASB), FSA Chief Lord Adair Turner and other regulators (like the Financial Stability Board and the Basel Committee on Banking Supervision) join forces under a plan which could preserve global economic stability without manipulating accounting rules.