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Revised Fair-Value Rule Is Weaker: Moody's It's harder for investors to compare banks' financial statements now that IAS 39 lets them decide whether to reclassify "held for sale" assets as "held to maturity," the rating agency says.

Marie Leone, CFO.com | US
November 14, 2008

Total Mockery of the Standard: It is a pity that this has transpired and it makes a mockery of what good corporate governance aspires to that is to be ethically correct. Now with lack of transparency and being pulled apart by diverse views from parties with self interest, ability to assess the value of assets or liabilities are severely restricted. Further, it also shows that standards are scape goated into oblivion.; Posted by Jon Tay | Nov 17, 2008 10:45 AM ET

Really?: I agree this change in IFRS seems somewhat chaotic. But as Moody's was unable to correctly assess the risks before this change, I would suggest them to keep their comments for themselves.; Posted by Paul Berquin | Nov 17, 2008 9:40 AM ET

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