Sir David Tweedie, chairman of the International Accounting Standards Board, considered resigning last month after coming under intense pressure from European Commission officials to retreat on fair-value accounting rules. The Commission wanted IASB to ease its rules relating to the valuation of financial instruments, to help banks weather the financial crisis. The Board did make […]
Europe
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God Save the Queen
Who knew they still had it in them? Forty-three years after Winston Churchill passed from the scene and at least 15 years since the Rolling Stones put out a respectable single, the Brits are back at the helm of world leadership! First, Prime Minister Gordon Brown proposes to combat the credit crisis by direct government […]