Financial Accounting Standards Board (FASB)
SPE accounting proposal threatens CDO market
Proposed changes to US accounting standards for special-purpose entities (SPEs) could cause a dramatic decline in issuance of collateralised debt obligations (CDOs), analysts say.
FASB reverses on loan commitments
The US Financial Accounting Standards Board (FASB) has ruled that undrawn loan commitments will not be subject to derivatives accounting rules and do not have to be marked-to-market – a victory for commercial lenders.
FASB head warns Congress on too much interference
Edmund Jenkins, chairman of the Financial Accounting Standards Board (FASB), has warned Congress not to take its post-Enron zeal for market regulation too far. He was responding to proposed legislation that would give the US Securities and Exchange…
FASB: loan commitments must be treated like derivatives
The US Financial Accounting Standards Board (FASB) ruled last month that some unfunded loan commitments made by banks should be treated like derivatives and marked-to-market. The ruling came nearly nine months after Goldman Sachs first proposed the…