For over 50 years, Bloomberg Tax’s renowned flagship daily news service, Daily Tax Report® has helped leading practitioners and policymakers stay on the cutting edge of taxation and...
Lawmakers continued to voice concerns May 21 that accounting rules requiring the consolidation of items previously kept off the balance sheet might be forcing so many securitized assets onto the books of financial institutions that they are raising capital requirements to levels that unnecessarily curtail lending for home and commercial mortgages.
A Securities and Exchange Commission staff accountant and the chairman of the Financial Accounting Standards Board told a House Financial Services Committee that it is up to banking regulators to determine capital rules independently of accounting standards, which are intended to bring transparency to the financial condition of companies and to accurately portray their underlying economic condition.
Notify me when updates are available (No standing order will be created).
Put me on standing order
Notify me when new releases are available (no standing order will be created)