Brussels, 05/11/2008 (Agence Europe) - On Wednesday 5 November, the European Commission approved the guidance on the application of fair value measurement when markets become inactive published at the end of October by the International Accounting Standards Board (IASB), which was charged with drawing up International Financial Reporting Standards (IFRS). The Commission considers the IASB position to be fully consistent with the joint statement issued by the 3 European committees of...