FDIC signals willingness to phase in accounting rules

12/11/2009 | NYTimes.com

Banks have accepted that they will have to put structured-investment vehicles and other complex creations back on their balance sheets, in accordance with updated accounting rules. However, they urged regulators to phase in the rules. Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., has sympathized with the banks' situation, with the agency indicating that it might consider their request.

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