EFR warns against regulatory overreaction to financial turmoil

18 April 2008

The EFR supports IIF interim report recommendations and calls for an efficient market-based solution by the Industry. Although the EFR recognizes the need to further strengthen the financial stability framework through enhanced prudential supervision, it warns against regulatory overreaction and supports the formation of a ‘Market Monitoring Group’ as recommended by the IIF Interim Report.

 

In a letter sent to Mr Bajuk, the EFR also considers that it could be instructive to review how the fair value concept and accounting rules

© Graham Bishop