This paper aims to evaluate the impact of fair value on the financial accounts of Moroccan and French banks during the 2007-2008 financial crisis. The methods adopted to answer the research problem are based mainly on the analysis of the aforementioned banks' balance sheets, partly by exploiting a 2010 study revolving around the French banking sector, as well as conducting an analytical study on the Moroccan banking sector and finally implementing a benchmark study of the two sectors. The obtained results demonstrate that the French banking sector has been severely impacted by the financial crisis, and that the adoption of fair value as a method of accounting for financial instruments has multiplied the effects of the crisis, unlike the Moroccan banking sector which has not been affected despite opting for IFRS. This is due to different methodologies in financial instrument classification. The analysis carried out in this paper shows that a massive valuation of financial assets and liabilities at fair value leads to a high volatility of results, especially in times of financial downturn, which has a negative impact on banks' financial statements as illustrated in Europe in 2008.

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