Federal Regulators Weigh Impact of FASB’s Plan to Drop QSPE Concept, Compel Consolidation of SPEs
September 19, 2008
Federal thrift and banking regulators are consulting with their financial institutions to gauge the potential impact of proposals by the Financial Accounting Standards Board that may force currently off-balance sheet mortgage securitizations to be placed on the books. The Federal Reserve Board, Federal Deposit Insurance Corp., Office of the Comptroller of...