Discussion of the Financial Accounting Standards Board's guidance providing relief in determining other-than-temporary impairment has overlooked an enormous benefit: the restoration of management flexibility for the available for sale portfolio.

For depreciated debt securities, "available for sale" once again truly means what it says.

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.