FCAG letter to G-20 leaders

The Financial Crisis Advisory Group (FCAG) was established by the International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) to advise the two Boards about the standard-setting implications of the global financial crisis and potential changes to the global regulatory environment. As part of its work, the FCAG is helping the Boards develop their priorities in this area and promoting coordination among the two Boards, the international supervisory community and industry participants. The FCAG will issue its report in July 2009. (Read the FCAG letter to G-20.)