Both of FASB's proposals are in the form of draft Staff Positions (FSPs) and are intended to provide additional application guidance on fair value measurement and to amend the impairment requirements for certain investments in debt and equity securities. The proposals are:

• Proposed FSP FAS 157-e Determining Whether a Market Is Not Active and a Transaction Is Not Distressed (PDF 62)
• Proposed FSP FAS 115-a FAS 124-a, and EITF 99-20-b Recognition and Presentation of Other-Than-Temporary Impairments (PDF 80k)

Though the proposed FSPs are a direct response to US-specific requests, the IASB believes that (in the light of its commitment to work jointly with the FASB to address issues arising from the financial crisis) it would be useful to seek the views of interested parties on the FASB's proposed FSPs before deciding whether to publish formal proposals for public comment. Any proposed changes in IFRSs will be subject to due process. You can download the IASB Request for Views (PDF 61k) from the IASB website. The IASB would like to receive any views by 20 April 2009.