BIS on fair value

Great timing! The Bank for International Settlements (BIS) has just published a series of four papers on fair value accounting:

208: Including estimates of the future in today's financial statements

209: Fair value accounting for financial instruments: some implications for bank regulation

210: Institution-specific value

211: Do accounting changes affect the economic behaviour of financial firms?

Why is this great timing, you may wonder? Well, it is very useful material for my upcoming presentation at the World Standard Setters Meeting in London on 26 September.