Trade Groups Ask Congress to Pressure FASB on MTM Changes
May 26, 2009
Financial services trade associations and the Council of the Federal Home Loan Banks have asked the House Financial Services Committee to lean on accounting standard setters to further improve mark-to-market rules. In a joint letter May 13 to Committee Chairman Barney Frank, D-MA, and Ranking Minority Member Spencer Bachus, R-AL, the group urged the lawmakers to press for more changes to...