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Europe Daily Bulletin No. 8726

16 June 2004
Contents Publication in full By article 24 / 35
GENERAL NEWS / (eu) eu/financial services
Differences remain between Member States over IAS 39 allowing derivatives to be evaluated in banks' accounts

Brussels, 15/06/2004 (Agence Europe) - No agreement is in sight within the European Union concerning IAS 39 (International Accounting Standard) for evaluating financial instruments in corporate accounting. The standard, defined by the body under private law, IASB (International Accounting Standards Board), should in principle apply at the same time as a series of international standards already approved, to the 7,000 companies quoted on European stock markets as of January 2005.

During the...

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