FASB moves to broaden use of mark-to-market principles

12/22/2008 | Wall Street Journal, The

The Financial Accounting Standards Board has begun a study looking at applying mark-to-market principles to a broader range of financial investments than its rules require today. Experts say they believe that more than half of public bank holding companies are trading below book value today because most bank assets -- loans -- aren't subject to mark-to-market accounting and investors have no way of finding what those assets are really worth.

View Full Article in:

Wall Street Journal, The

Published in Brief: