Financial Times FT.com

Banks face threat to debt valuations

By Jennifer Hughes in London

Published: June 18 2009 16:51 | Last updated: June 18 2009 20:01

Banks and insurers may no longer be able to book gains on falls in the value of their own debt under proposals being considered that could remove one of the most controversial elements of mark-to-market accounting.

The International Accounting Standards Board (IASB) on Thursday called for comments on the issue, which centres around whether companies can take into account the market’s view of their creditworthiness when reporting liabilities.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this