Do banks need special accounting standards?
22 Jan, 2010
In a speech to the Institute of Chartered Accountants in England and Wales, Adair Turner, Chairman of the UK Financial Services Authority discussed the question: Banks are different: should accounting reflect that fact?
Mr Turner set out the issue as follows:
Whether that should be the case is now subject to intense debate, with two very different points of view.
|
Click to download:
- Mr. Turner's Speech (PDF 77k)
- Mr. Turner's Slide Presentation (PDF 53k)
- IAS Plus Credit Crunch Resources