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FASB moves toward reversing mark-to-market proposal

Accounting, News

The Financial Accounting Standards Board has started taking steps toward allowing banks to continue to use an amortized cost to value many of the loans on their balance sheets rather than shifting to a “fair value” accounting method. Last year, the accounting standards board had proposed expanding mark-to-market accounting on bank loans. The banking industry had argued that the fair-value rules would hinder lending.

Read more ยป [The Wall Street Journal]

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