Accounting change prompts rethink of US leverage ratios

chris-laursen

A recent proposal to converge global accounting standards could add trillions of dollars of derivatives exposures to US bank balance sheets, potentially upsetting the leverage ratios used by bank regulators.

On January 28, the London-based International Accounting Standards Board and the Connecticut-based Financial Accounting Standards Board (FASB) published a proposal to align their practices on offsetting assets and liabilities on the balance sheet.

It is understood no formal discussions have

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