April 13, 2009
At least one critic of the proposed changes in mark-to-market and fair value accounting rules is changing his tune and seeing some positive signs in the final version.
The Financial Accounting Standar... more
Articles
April 12, 2009
Last year, as banks saw many of the assets on their books spiral down in value, many people in the industry, and in Congress, began to wonder if marking assets to market was such a good idea.
When Con... more
April 02, 2009
Increased opacity for bank balance sheets?The FASB last week voted, as expected, to allow financial institutions to use “significant” judgement in valuing their assets under FAS 157. While... more
April 02, 2009
Proposed revisions to the 'fair value' accounting standard, FAS 157, would weaken the standard and create inconsistencies in valuations, according to Espen Robak, president of Pluris Valuation Advisor... more
April 01, 2009
Under the new ‘mark-to-market’ rule, banks can consider the value of assets as if they are being sold in an orderly fashion, not in a distress sale. For months, America’s financial s... more
April 01, 2009
Mutual fund industry players said the mark-to-market initiative passed today by the Financial Accounting Standards Board, could have detrimental effects on the mutual fund industry in the form of inco... more
April 01, 2009
Fair-value rules soften, and investors cheer. A needed change now, but let's not forget the Enron era.Mark-to-market rules on valuing assets have been softened. Expect banks, hard-pressed to righ... more
March 31, 2009
Proposed revisions by the Financial Accounting Standards Board to the fair value accounting standard would ”gut” the current intent of the rule and allow banks and other financial firms &l... more
March 30, 2009
FASB set to vote April 2 to help banks improve illiquid asset valuationsWASHINGTON (MarketWatch) -- As bankers prepare to release their first-quarter results, they are looking to accounting regulators... more
March 24, 2009
Fixed-income firms and pension plans could be big buyers of bad bank assets under the latest Treasury program. And the worst stuff could be the first to go.
NEW YORK (CNNMoney.com) -- Could banks have... more
February 28, 2009
"PEIGG is not a standard setting body and the FASB does tell us what fair value is and those are the rules we follow. Guidelines are fine, and it's a start, but we've got to get to fair value." Privat... more
February 16, 2009
A knighted Texas billionaire tricked clients into pouring money into three of his companies with false promises of outsized returns, according to fraud charges filed Tuesday by the Securities and Exch... more
January 19, 2009
A nightmare for most other institutional portfolio managers has been a boon for BNY Mellon Beta Management.
Mark Keleher, the Bank of New York Mellon Corp. unit's chief executive, said the economic tu... more
January 08, 2009
Companies Struggle to Come to Terms With Writing Down Troubled Holdings"What's the price of a house?" asks Howard Marks, chairman of Oaktree Capital Management LP. The simple question, he says, has no... more
January 01, 2009
Emerging-Markets Funds Tumble; 'Short' Managers Pull Off a 32% GainHedge funds are supposed to thrive in rough markets.Not in 2008. An historic decline in stocks, and troubles in almost every part of ... more
December 22, 2008
Hedge funds are bracing for the effects the current financial crisis will have on investor demands for further transparency. The brutal “one-two punch” in 4Q-08 of nearly 100 hedge fund ma... more
September 07, 2008
The U.S. Securities and Exchange Commission missed a chance to protect investors from the collapse of the $330 billion auction-rate market by failing to police how banks sold the bonds to customers.
F... more
September 01, 2008
Popular Inc.'s deal to sell about $1.17 billion of subprime mortgage assets and servicing rights to Goldman Sachs Group Inc. would essentially complete the disposal of its U.S. consumer finance busine... more
August 31, 2008
Historical cost accounting is fading as Corporate America marches into a new era.What is a company really worth? That is the central question that accounting attempts to answer, and it is no easy exer... more
August 27, 2008
NEW YORK (Reuters) - Recent U.S. accounting regulations have pushed for consistency in corporate reporting but some accounting firms are more aggressively interpreting the rules than others, likely le... more
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