Whether bankers like it or not, market-value accounting moves one giant step closer to reality next quarter.

Beginning then, banks with at least $150 million in assets will have to disclose in annual financial statements the "fair value" of a variety of assets, liabilities, and off-balance-sheet instruments. Fair value is the same as market value, only it includes estimates for assets for which no market exists.

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.