The Financial Institutions Accounting Committee, in a letter to the Financial Accounting Standards Board, has advised against an across-the-board adoption of market value accounting for investment portfolios. FIAC is composed of 16 senior bank and thrift executives and is affiliated with the Financial Managers Society. Other excerpts were carried in the Aug. 24 issue, page 4.


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.