FASB delays rule change on off-balance-sheet assets

07/31/2008 | Bloomberg · Washington Post, The · Financial Times (free content)

In a 5-0 vote, the Financial Accounting Standards Board voted to postpone for one year a rule that would require financial institutions to bring off-balance-sheet assets onto their books. SIFMA and its affiliate, the American Securitization Forum, argued that the changes would likely prompt regulators and lenders to question the capital ratio of companies.

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Bloomberg · Washington Post, The · Financial Times (free content)

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