S&P survey slams FASB ruling


A majority of structured finance professionals worldwide are highly critical of the new set of rules restricting off-balance sheet financing set by the US accountancy regulator. According to a recent survey conducted by Standard & Poor’s, the overwhelming feeling among market participants is that the Financial Accounting Standards Board (FASB) acted without understanding the issues or the possible impact of the rules, in a politicised response to the Enron scandal.

The new rules

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here