Move to Ease 'Mark' Rule May Subvert Treasury Plan

more in Politics & Policy »

BY HEIDI N. MOORE

A new accounting rule set to be approved this week will relax mark-to-market rules for banks sitting on billions of dollars in toxic assets, making it more attractive to keep the assets on their books. Yet those changes may undermine a larger U.S. Treasury plan to rid the banks of those same assets, bankers and accounting experts say.

The Financial Accounting Standards Board is proposing significant changes to its mark-to-market rules, allowing banks to ...

Related Stories

Related Videos

Copyright 2011 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit

www.djreprints.com

Most Popular