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- Title
Regulatory Capital at Risk Under Accounting Rule Changes.
- Authors
Dorminey, Jack; Apostolou, Barbara; Apostolou, Nicholas G.
- Abstract
The article discusses the two standards approved by the Financial Accounting Standards Board (FASB) in the U.S. in 2009. It reports that Financial Accounting Standards (FAS) Nos. 166 and 167 eliminate special accounting treatment of qualified special-purpose entities (QSPEs). Particular focus is given to FAS-166 and its effect on regulatory capital and on the three largest U.S. commercial banks. The market discipline and the transparency the standard requires are considered to have paramount importance.
- Subjects
FINANCIAL Accounting Standards Board; ACCOUNTING standards; BANKING industry; BANKING laws; ACCOUNTING laws
- Publication
Bank Accounting & Finance (08943958), 2010, Vol 23, Issue 3, p40
- ISSN
0894-3958
- Publication type
Article