Accounting bodies struggle to form common rule for banks

07/23/2013 | Reuters

The International Accounting Standards Board has met with the U.S. Financial Accounting Standards Board to discuss a common rule for banks to make earlier provisions for souring loans. The Group of 20 nations had asked the boards to reach an agreement by the end of 2013, but they have struggled to compromise. Learn more at SIFMA’s Accounting Convergence Resource Center.

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