FASB might require banks to report fair value of loans

05/26/2010 | Bloomberg · Wall Street Journal, The

The Financial Accounting Standards Board proposed rules that would force banks to use fair value, rather than an adjustment of the original cost, for loans on their books. Using original cost "is kind of out of date," said Robert Herz, chairman of the FASB. "From a balance-sheet perspective, a lot of people want to see what things are actually worth now."

View Full Article in:

Bloomberg · Wall Street Journal, The

Published in Brief: