The Financial Accounting Standards Board is standing firm on keeping a controversial accounting rule that has led to massive writedowns for some home equity lenders.

The accounting board "has not yet seen or heard enough to indicate that it ought to revisit the question" of whether FAS 125 should continue to be mandatory, said Halsey Bullen, the board's senior project manager.

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.