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Corporate & Securities Law

: Jim Hamilton's World of Securities Regulation

By Jim Hamilton

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Bailout Bill Allows SEC to Suspend FAS 157 Mark-to-Market AccountingThe Emergency Economic Stabilization Act passed by Congress permits the SEC to suspend the application of FASB Standard No. 157 on fair value accounting, or mark-to-market accounting, for any issuer, including financial institutions, or for any transaction. In addition to this broad power,the Act mandates that the SEC conduct a study of FAS 157 and report back to Congress in 90 days. Among other things, the study will examine ho read more

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Full post as published by Jim Hamilton's World of Securities Regulation on October 06, 2008 (boomark / email).

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