About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Fair Value Accounting Debate Continues in US House of Representatives

Subscribe to our newsletter

The ongoing debate about mark-to-market accounting has taken another turn, as the chairman of the US House of Representatives Financial Services Committee, Barney Frank, suggested earlier this week that the industry needs more flexibility in the area of valuations.

He told the meeting that he currently has no plans to legislate accounting practices or to scrap the mark-to-market rule, which forces financial companies to value certain assets at their current market prices. However, Frank did say that he wishes to make it easier for companies to apply the rule during the financial crisis by adding modifications to the mark-to-market requirements.

He is particularly concerned with aspects of the accounting rules that trigger automatic consequences when institutions mark the value of their assets in line with market conditions, which currently often reduce their value. Discussions about what these particular “modification” may involve are ongoing.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Approaches to ESG data for analytics

Volumes of ESG data are huge and continue to grow, questioning how financial institutions with a focus on ESG investing can continuously capture and contain required data sets, master and integrate the data, and ensure data quality for meaningful analytics. This webinar will consider approaches to ESG data and data management for analytics, the challenges...

BLOG

Vendor Strategy: Datactics Gives Context to ESG Data

One of the chief challenges to successful deployment of ESG data by financial institutions is putting that information into context; it’s almost an unwritten maxim that sustainability data is useless if it can’t be used in conjunction with other data. Often the difficulty is one of matching ESG data and metrics to the entities with...

EVENT

Regulatory Reporting Briefing, New York

RegTech Insight (from A-Team Group) is proud to announce the launch of its Regulatory Reporting Briefing taking place in New York and focusing on: Best practices for regulatory reporting with RegTech

GUIDE

Regulatory Data Handbook 2022/2023 – Tenth Edition

Welcome to the tenth edition of A-Team Group’s Regulatory Data Handbook, a publication that has tracked new regulations, amendments, implementation and data management requirements as regulatory change has impacted global capital markets participants over the past 10 years. This edition of the handbook includes new regulations and highlights some of the major regulatory interventions challenging...