Banks Urged to Factor FASB’s New Securitization Standards into Planning for Capital Compliance
June 19, 2009
The Federal Reserve Board last week urged banks to consider the full impact of two new accounting standards that will change the way entities account for securitizations and special-purpose entities, or SPEs. Issued June 12, Statements of Financial Accounting Standards 166 and 167 will have a material effect on banks’ accounting for off-balance sheet vehicles used in the securitization of...