Loosened mark-to-market rules may boost European banks' earnings, decrease transparency:

Moves by the EU and International Accounting Standards Board to ease rules of fair-value accounting may allow European banks to avoid writedowns and help them boost earnings, analysts said. The changes could also make it more difficult to determine the financial health of institutions. Updated accounting rules are "one of the many weapons being deployed to fix the banking crisis", Belgian Finance Minister Didier Reynders said.

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