Revisiting The Fair Value Debate
MIT's Robert Pozen discusses how the debate around fair value in banking should be focused on disclosure.
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Show Notes
It didn’t take long following the most recent banking crisis for the conversation to turn to a debate around accounting and disclosure. Particularly, the fair value and hold to maturity treatment that financial institutions employ around the securities on their balance sheets.
In this episode of the podcast we speak with Rober Pozen, currently a senior lecturer at the MIT School of Management. Before entering academics, Bob was steeped in the world of investing and financial reporting as vice chairman of Fidelity Management and Chairman of MFS Investment management.
Besides teaching, he is also a trustee of the IFRS Foundation, which oversees international financial reporting standard setting.
Special Guest: Robert Pozen.