SEC set to leave mark-to-market rules alone
SEC expected to leave mark-to-market accounting rules alone when it releases a report at the start of 2009
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.
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