9th March 2010:
Stability accounting
Yesterday’s Lex column referred to the emerging conflict, on which I have commented before, between the needs of banking regulators and investors in banks. Lex suggested the conflict was between regulators and accountants but I think recognised that accountants – in this case accounting standard setters – were representing the interests of investors.Lex is quite direct – “Accounting needs to stay a true business snapshot. Regulators must find their backbone elsewhere.”
I agree.
Standards & Regulators 
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March 9th, 2010