SECOND SEC ROUNDTABLE REVEALS CONTINUING BROAD AMERICAN SUPPORT FOR MARK-TO-MARKET REPORTING
November 1st, 2008
By RUSSELL BERMAN
THE ROUNDTABLE convened in Washington DC by the US Securities and Exchange Commission (SEC) to examine American accounting practices has heard little support for a major overhaul of fair value accounting rules during its second meeting. Instead, financial industry professionals urged regulators to focus on smaller changes to improve mark-to-market reporting.
Part of a study mandated by Congress earlier this year when it authorised the Bush administration's bailout of American banks, this meeting (as was the first) was attended by Thomas Jones, ...
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