The International Accounting Standards Board has formed an expert advisory panel to better examine the controversial issue of valuing securities in illiquid markets.

The IASB established the panel in response to a request by the Financial Stability Forum, an international grouping of central bankers and regulators, to address market concern over the more than $300 billion of writedowns for securities that suddenly can’t be sold, meaning the fair value of those securities is anyone’s guess.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...