FASB adds federal funds rate to fair-value accounting benchmarks

07/25/2013 | Risk.net (subscription required)

The Financial Accounting Standards Board will recognize the federal funds rate as a benchmark in its fair-value accounting regime. The industry expects that the change will help users of over-the-counter derivatives show the effectiveness of their hedges. Some say the move could also trigger the growth of swaps referencing the federal funds rate.

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