FASB Expands Consolidation Requirements Beyond SPEs, Board to Vote on Final Rule
December 13, 2002
The Financial Accounting Standards Board will vote on a final rule that is expected to bring clarity and transparency to securitization transactions. The board plans to issue the rule next month, under which disclosure of the assets, liabilities and operations of an entity that holds pools of transferred assets will be the obligation of the “primary beneficiary,” based either on its voting interests