Valuation within illiquid markets - Is 'Fair Value' measurement still an appropriate approach?: An analysis of the arisen problems towards banks and the criticisms towards the IASB related to IAS 39 during the 'sub-prime crisis'

Bachelor Thesis from the year 2009 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: 1,3, University of Hull (Business School), course: Independent Study, language: English, abstract: Banks always played a superior role in business and especially in our today’s internationalised environment their position has become more crucial than ever before. Though, since summer 2007 these financially strong giants have been unhinged by their self-developed ‘fi...