The project was led by Paul Volcker, Chairman, and Tommaso Padoa-Schioppa and Arminio Fraga Neto, Vice Chairmen. Mr Volcker and Mr Padoa-Schioppa are both former Chairmen of the IASC Foundation, under which the IASB operates. The
Group of Thirty is a private, nonprofit, international body that aims to 'deepen understanding of international economic and financial issues, to explore the international repercussions of decisions taken in the public and private sectors, and to examine the choices available to market practitioners and policymakers'. Click to download
List of Recommendations (PDF 288k).
One of the specific recommendations under Core Recommendation III relates to 'Fair Value Accounting':