Regulatory/Policy Documents

AICPA
Measurements of fair value in illiquid (or less liquid) markets

Bank of England
Financial Stability Report, April 2008, Issue 23

BIS
BIS Quarterly Review: June 2008

FASB
Statement of Financial Accounting Standards No. 157: Fair Value Measurements
Statement of Financial Accounting Standards No. 159: The Fair Value Option for Financial Assets and Financial Liabilities
Understanding Fair Value

Financial Stability Forum (FSF)
Report of the Financial Stability Forum on Enhancing Market and Institutional Resilience, 7 April 2008 , prepared for the G7 meeting in April, 2008

G7
Statement of G-7 Finance Ministers And Central Bank Governors

Institute of International Finance
Interim Report of the IIF Committee on Market Best Practices

International Monetary Fund
The Recent Financial Turmoil—Initial Assessment, Policy Lessons, and Implications for Fund Surveillance
Global Financial Stability Report: Containing Systemic Risks and Restoring Financial Soundness, April 2008

President's Working Group on Financial Markets
Policy Statement To Improve Future State of Financial Markets

SEC
Sample Letter Sent to Public Companies on MD&A Disclosure Regarding the Application of SFAS 157 (Fair Value Measurements)

Senior Supervisors Group
Senior Supervisors Group Report to the FSF: Observations on Risk Management Practices during the Recent Market Turbulence, March 6, 2008
Senior Supervisors Group Report to the FSF: Leading Practice Disclosures for Selected Exposures, 4/11/2008