Publication
La Tribune: "Can accounting standards be scapegoated for the turmoil?"
by Nicolas Véron on 20 January 2008
Filed in: OPINION PIECES AND COLUMNS
Topics:
Nicolas Veron debunks the claim - often heard these days - that mark-to-market accounting and IFRS more generally are a culprit for the securitization crisis. IFRS are far from perfect, but protecting banks' discretion to hide bad news, and thus lowering the quality of financial information, would be a mistake.