Andy Haldane, Executive Director for Financial Stability at the Bank of England, in a speech in December 2011 to a conference, hosted by the Institute of Chartered Accountants in England and Wales, for example, questioned the appropriateness of fair value accounting for the banking sector.
Promoting a stable, well-functioning international order It seems very clear to me that it is absolutely in the best interests of Canada and Australia to promote freer trade and greater financial stability around the globe.