FASB FIN 46 Rule Seen as Costly and Will Exert Pressure on Securitizers to Create New Structures
April 18, 2003
Many securitization professionals feel that the asset-backed securities and collaterized debt obligations markets will be forced to create new structures and vehicles in order to comply with revised accounting guidelines. The majority of securitization professionals responding to a Standard & Poor’s survey said the new accounting rule, Financial Interpretation Number 46, will restrict the growth of the U.S.