Banking
Dec. 29, 2009
Accounting Changes: Easing the Transition
Warren Loui, Robert Hugi and Elizabeth Han of Mayer Brown comment on measures taken in light of changes to U.S. securitization accounting standards.
By Warren Loui, Robert Hugi and Elizabeth Han
On Nov. 12, 2009, the Board of the Federal Deposit Insurance Corp. (FDIC) approved an Interim Rule that provides some crucial transitional relief relating to recent changes in U.S. accounting standards for securitizations. One of the key impacts of the accounting changes is that banks (among other entities) will no longer be able to achieve sale accounting treatment in securitizations of credit card and other receivables using ...For only $95 a month (the price of 2 article purchases)
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