FASB Chief Herz Opens Old Wound

Sloan, Steven
December 2009
American Banker;12/9/2009, Vol. 174 Issue 219, p1
Trade Publication
The article reports that Robert Herz, the chairman of the Financial Accounting Standards Board (FASB), believes that banking supervisors are free to apply their own judgments to bank financial statements. Herz believes that this flexibility would enhance the FASB and the regulators to help regulate the banking system. The response of the banking industry to Herz's idea is discussed.


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