CFA Institute skeptical of changes to fair-value rules

04/1/2009 | NYTimes.com

The Financial Accounting Standards Board, under intense political pressure, is expected to ease mark-to-market accounting rules, allowing banks more leeway on valuing their assets. Some investors and industry groups are opposed to the changes, saying it might delay recovery of the financial system. "Investors will not be willing to commit capital to firms that hide the economic value of their assets and liabilities," wrote Kurt N. Schacht, managing director of the Centre for Financial Market Integrity at the CFA Institute.

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