IOSCO response to subprime crisis includes accounting focus

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26 Sep 2008

The Technical Committee (TC) of the International Organization of Securities Commissions (IOSCO) met on 16 September to discuss current market conditions and further prioritise IOSCO's work in response to the subprime crisis.

Accounting and valuation are among the following TC priorities:
  • Greater international coordination for the oversight of credit rating agencies
  • Safeguards for retail clients
  • Firm risk management
  • Prudential supervision
  • Valuation and accounting
Click for Technical Committee Press Release (PDF 133k). More credit crunch information is Here.

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