IASB: Liquidity buffers seek a safe home

Fair-value friend

Sue Lloyd

When the worlds of accounting and regulation collide, the resulting debates are invariably important. They also tend to be wrapped in impenetrably fussy technical jargon.

Sue Lloyd, senior director of technical activities at the International Accounting Standards Board (IASB) in London – and a new appointee to the organisation’s board, who takes her post in January – is at the heart of one of these collisions. In one corner is Basel III, which sets minimum requirements on bank liquidity, as part

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