Fed's Greenspan Hits Out At Proposed FASB Regulations
ALAN Greenspan, chairman of the US Federal Reserve Bank has issued an open letter to Edmund Jenkins, chairman of the US's Financial Accounting Standards Board, criticizing FASB for lack of consultation over its proposed new accounting standards for derivatives.
Greenspan's move follows similar criticism from the heads of 22 major banks and corporations, who have also written to Jenkins attacking the FASB derivatives accounting proposal.
The joint letter's signatories include chairmen and chief
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