FASB expected to approve changes to off-balance-sheet rules

05/1/2009 | Bloomberg · CFO.com

Banks will need to add billions of dollars in assets to their books when the Financial Accounting Standards Board approves expected changes in June, Chairman Robert Herz said. The rules, which would end a practice that lets companies keep assets and liabilities including mortgages and credit card receivables off their balance sheets, would take effect next year.

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Bloomberg · CFO.com

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