Other
Change of "Market-to-Market" Financial Accounting Rules
Date:
April 2, 2009
Who:
Other
Policy Area:
Financial Sector Policy
Economic Target:
Financial Institutions
Action Type:
Regulatory Change On April 2, 2009, the Financial Accounting Standards Board announced that it would relax fair-value (i.e., "market-to-market") accounting rules that obligated banks to value all assets at the current market price. New guidelines would give banks greater flexibility in how they value "distressed" assets.
Source:
Notes:
Fiscal and budgetary impacts unknown.
