Financial Accounting Standards Board (FASB)

SEC to ease mark-to-market rules

The US Securities and Exchange Commission offered another lifeline to struggling US banks yesterday, telling them it planned "further clarifications" on when mark-to-market accounting rules could be ignored.

Credit managers hope for new accounting blueprint

Mark-to-market accounting has frustrated credit portfolio managers at the largest international banks. It’s made their loan books more volatile and their derivatives hedges less efficient. But accounting standards setters may be ready to review the rules…

FASB unlikely to delay FIN 46, says CSFB

The US Financial Accounting Standards Board (FASB) is unlikely to delay the introduction of financial interpretation number 46 (FIN 46), the consolidation of variable interest entities (VIEs), according to the accounting and tax research team at Credit…

FASB unlikely to delay FIN 46, says CSFB

The US Financial Accounting Standards Board (FASB) is unlikely to delay the introduction of financial interpretation number 46 (FIN 46), the consolidation of variable interest entities (VIEs), according to the accounting and tax research team at Credit…

SPV Ruling: Counting the cost

The recent crop of high-profile accountancy scandals has forced the US accounting regulator to clamp down on the 'creative' use of special purpose vehicles to shift liabilities off balance sheet. Saskia Scholtes investigates the ramifications for firms…

FASB's stock option rules spur pricing model developments

Academics and consultants are rushing to bring out new equity option pricing models in the wake of the controversy surrounding the US Financial Accounting Standard’s Board (FASB) rule 123 on accounting for stock-based compensation. FASB is expected to…

A mark-to-market u-turn

A reversion to the old, non-mark-to-market regime for accounting for energy trading contracts is changing the energy supply business, reports Catherine Lacoursière

FASB redefines derivatives

The Financial Accounting Standards Board (FASB) yesterday amended the definition of derivatives within its mark-to-market accounting regulation FASB 133.

FASB names Robert Herz new chairman

Robert Herz, a senior partner with PricewaterhouseCoopers in New York, has been named as the new chairman of the US Financial Accounting Standards Board (FASB), the body responsible for derivatives Financial Accounting Standard 133.

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