Rapid Pace, Timing of FASB, IASB Accounting Projects Could Stifle Recovery of MBS Market
August 21, 2009
Certain accounting projects being undertaken by the Financial Accounting Standards Board and the International Accounting Standards Board could seriously hamper the recovery of the securitization market, given the rapid pace at which both bodies are working and the paths they are taking, warned the nation’s banking industry. In a recently issued white paper, the American...