TITLE

FASB Proposes New Mark-to-Market Regulation

AUTHOR(S)
Colomer, Nora
PUB. DATE
May 2010
SOURCE
High Yield Report;5/31/2010, Vol. 21 Issue 22, p14
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the proposal by the U.S. Financial Accounting Standards Board (FASB) for stricter regulations over loan pricing among banks and lenders. Under the proposal, banks and other lenders are required to base their loan prices on current market value. According to Robert Herz, FASB chairman, such scheme aims to achieve greater transparency in financial statements. Edward L. Yingling of the American Bankers Association stresses that the proposal poses problems to the banks and to the general economy.
ACCESSION #
51153735

 

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