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: Jim Hamilton's World of Securities Regulation

By Jim Hamilton

UK Regulator Rejects Using Financial Accounting Standards to Promote StabilityIn an effort to refute the growing global consensus that financial accounting must change because its pro-cyclicality contributed to the financial crisis, the UK accounting overseer said that people proposing to amend accounting rules to make them less pro-cyclical must believe that investors cannot be trusted with the unadjusted numbers produced by the application of accounting standards. In remarks at the Financial R read more

Full post as published by Jim Hamilton's World of Securities Regulation on July 23, 2009 (boomark / email).