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BoE's Large on Financial Instrument Accounting

In the speech 'Financial Instrument Accounting' given on 22 November Andrew Large of the Bank of England said it is essential that accounting standards have a clear economic rationale, promote comparability and secure adequate disclosure.

The recent furore over IAS 39 - the international accounting standard for financial instruments - has resulted in a situation which all agree is unsatisfactory, Sir Andrew Large, Deputy Governor of the Bank of England, says today in a speech to a central banking

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