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SEC set to leave mark-to-market rules alone

The US market regulators are unlikely to suspend mark-to-market, according to
reports.

The Securities and Exchange Commission is expected to leave guidance alone on
how to use mark-to-market accounting. Debate has raged as to whether the rules
have made it more difficult for banks to haul themselves out of the credit
crunch.

A source familiar with the issue told the
Wall
Street Journal
that it was unlikely a study, which will be
released on 2 January, would include reference to altering implementation of
mark-to-market accounting.

Further reading:

Read
the WSJ’s story

‘Fair value is not
fair’

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