A number of recent influential reports have identified off balance sheet financing as an important factor in the build up of systemic risk in the banking and finance sector during the period leading up to the Global Financial Crisis. The Basel Committee on Banking Supervision reacted to these...

A number of recent influential reports have identified off balance sheet financing as an important factor in the build up of systemic risk in the banking and finance sector during the period leading up to the Global Financial Crisis. The Basel Committee on Banking Supervision reacted to these...

In the wake of the Global Financial Crisis, a number of influential stakeholders called on the International Accounting Standards Board (IASB) to improve the quality of accounting rules relating to investments in other entities. This paper argues that rather than heeding these calls, the IASB's...