Whether fair value accounting should be used in financial reporting has been the subject of debate for many years. A … helpful in making their economic decisions. A criticism of fair value accounting is the contention that fair value earnings …

analysis on the effects of financial reporting by banks. We conclude fair value accounting played little or no role in the … accounting for securitizations in the IASB's Exposure Draft that would require banks to recognize whatever assets and liabilities … and on the effectiveness of market discipline. Accounting standard setters and bank regulators should find some common …