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Article: Market value issue continues to brew. (market value accounting for banks)
- Article from:
- ABA Banking Journal
- Article date:
- April 1, 1991
CopyrightCOPYRIGHT 1991 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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As much as many bankers would like to see the concept of market-value accounting dry up and blow away, it seems destined to stick around.
Congress and the Financial Accounting Standards Board will both be studying aspects of the concept. Riding relatively quietly on its own track is a late-December 1990 proposal from the Federal Financial Institutions Examination Council that in part concerns market-value accounting for securities and certain loans.
Released as a proposed revision of a 1988 interagency policy statement, the document could be finalized and in effect as early as June. An extended comment period ended March 6. Accounting changes. The ...