SEC new guidance won't suspend "fair value" rules

03/28/2008 | Financial Times (free content)

The SEC's new guidance, which is expected to be issued in the next few days, may not suspend "fair value" or mark-to-market rules, but it does give companies the opportunity to offer a broader view of their financial situation. The move may help take the sting out of the credit crunch, and it is an indication of the agency's interest in a rule that is crucially important to financial firms.

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