Firms Face More Data Disclosure Around Level 3 Asset Valuations, Following FASB and IASB Agreement on Fair Value

Regulators may be at odds with each other this week regarding the definition of what constitutes a firm that is systemically risky, but significant progress has been made on the standards front by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) in agreeing a global definition for “fair value”. The...

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