WASHINGTON -- Banks using derivatives will be subject to broader 'reporting requirements starting with 1994's annual reports.

The Financial Accounting Standards Board will unveil today the final version of a 10-month-old project to improve disclosure requirements for derivatives. FASB is the independent board that sets accounting rules for all companies that follow Generally Accepted Accounting Principles.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.