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JF Serval spoke on March 13th at Seminar on current financial crisis at Association des Démocrates Européens "ADDE" held at Assemblée Nationale

Jean-François gave his views on how the accounting standards could be renegociated and modified to resolve the issue of financials instruments that cannot be valuated in the current environment. He recommands a conceptual change of approach by going back to historical values for the financials and an extension of the fair market value approach or mark to model reconciliation for the notes. In this approach  the instruments would be qualified as to the market their are traded, the liquidity, counterparts and duration. As a result the adjustments to the net equity would be more transparent and possibly wiewed differentlt depending on the purpose of the reader. Regulators would also become abble to adapt regulation to circonstances without a need to go to the full process of standard setting. (see article)