Will The FDIC Allow Banks To Avoid Accounting Standards?

Will banks have to bring more off balance items, such as securitized assets, onto their books as will be required by new generally accepted accounting standards, or will the banks be allowed to deviate from the accounting standards that apply to all other companies?

The FDIC will consider the matter next week according to a CFO.com article, "Will Bank Regulators Diverge from GAAP?" by Marie Leone.

Bank regulators are set to discuss accounting standards next week, with an aim toward determining the potential affects that off-balance-sheet rules may have on some financial institutions. During the past year, bankers have fretted about new accounting rules that would force them to bring back on their balance sheets billions of dollars worth of assets — a move bankers have argued will throw regulatory capital ratios into chaos.

Read the complete CFO.com article here.