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FAQs Available On FASB Assets & Liabilities Draft

Posted on 3/14/2013

ABA staff experts have developed frequently asked questions (FAQs) to explain the Financial Accounting Standards Board (FASB) exposure draft on the classification and measurement of financial assets and liabilities. FASB issued the draft last month.

While the exposure draft scales back the original 2010 proposal to mark all loans and deposits to market, its proposed changes nevertheless could impact regulatory capital significantly because all but "vanilla" debt instruments would be marked to market, with changes recorded through earnings.

The proposal's comment deadline is May15, and the ABA Accounting Committee is evaluating its various provisions to develop comments.

To view FASB's draft visit:

To view the ABA's FAQ's visit:

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