Fair Value Measurements
Date recorded:
The issue was added to the agenda with short notice and no observer notes were available.
The staff informed the Board that the Financial Stability Forum has established an expert advisory panel to assist the IASB in enhancing its guidance on valuing financial instruments when markets are no longer active.
In addition the staff noted the following:
- The first meeting will take place on 13 June 2008.
- At the first meeting the panel will decide on the form of guidance issued, e.g. best practice guidance or input for amendment of standards.
- The duration of the panel is expected to be two or three months.
