GAO identifies accounting rules as partial reason for bank failures

06/14/2013 | Compliance Week

Accounting rules that constrained loss provisions played a role in the failure of about 400 community banks during the financial crisis, according to a report by the Government Accountability Office. Generally accepted accounting principles required banks to limit loan-loss reserves according to historical loss rates, and this intensified the problem.

View Full Article in:

Compliance Week

Published in Brief:

SmartBrief Job Listings for Business

Job Title Company Location
Director, Workforce
AIA
Arlington, VA
VP of Video Content Distribution
Calkins Media
Levittown, PA
Administrative Assistant
Watco Companies
Los Angeles, CA