MERGER ACCOUNTING: Proposal on Sept. 8 by the Financial Accounting Standards Board to eliminate the pooling-of-interests method of M&A accounting. Public hearings are expected in the first quarter of 2000, and a final standard could be issued later that year. An interim draft approved April 21 suggested requiring merging parties to use "purchase" accounting. A copy of the proposal is available on the FASB's Web site at Comments due Dec. 7.

RECEIVERSHIP ASSETS: Proposal by the Federal Deposit Insurance Corp. on Aug. 31 to prohibit the agency -- when acting as receiver or conservator -- from recovering financial assets transferred by the failed institution as part of a securitization or participation. For the prohibition to apply, such transfers would have had to meet all conditions for sale accounting under generally accepted accounting principles. Expected to be published soon in the Federal Register. Comments due 60 days later.

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