OBAMA FAVOURS BALANCE; MCCAIN DEREGULATION – THE BIG US IFRS/FAIR VALUE DEBATE
October 1st, 2008
BY ROEL CAMPOS
ONE can expect that the next United States administration, whether McCain or Obama, will address as a high priority the overall US financial regulatory structure. Two specific issues that will require immediate attention are fair value accounting and whether to adopt International Financial Reporting Standards (IFRS). Although all predictions are hazardous, preliminary statements by the candidates provide some clues as to their inclinations. Obama will be studious, listen to Paul Vocker and others and seek a way to balance investor interests with ...
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