Just days after Congress echoed the industry's criticisms, the Financial Accounting Standards Board moved Monday to ease rules that have resulted in massive writedowns.

The proposals, to be released today for 15 days of public comment, are designed to reduce the scale of other-than-temporary impairment charges and help institutions comply with mark-to-market accounting rules for illiquid assets.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access