TITLE

Sleeper Regs Cause Market Uproar

AUTHOR(S)
Kellerhals, Richard
PUB. DATE
November 2010
SOURCE
High Yield Report;11/1/2010, Vol. 21 Issue 44, p24
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
This article focuses on the potential impact of the Dodd-Frank financial reform bill on loan market participants in the U.S. It notes that two regulations drafted by the Financial Accounting Standards Board (FASB), a part of Basel III and a part of the Foreign Account Tax Compliance Act of 2009 are causing an uproar in the market. According to a New York-based banker, a new FASB rule that would change how banks record leveraged loans would lead to increased costs at banks.
ACCESSION #
54939665

 

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