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SEC Asks for Comment on Mark-to-Market Study

Tammy Whitehouse | October 10, 2008

The Securities and Exchange Commission is looking for public input on the “issues, point-of-view, research, and opinions” that should be taken into account as it studies mark-to-market accounting under a Congressional mandate.

The SEC issued an invitation to comment through the first 30 days of its 90-day analysis, required as part of the Emergency Economic Stabilization Act of 2008. The Commission said it invites views on any or all of the topics identified in the Act to be analyzed, as well as whether there are other matters related to the use of fair value accounting in the U.S. financial reporting system that should be considered.

As required in the emergency bank bailout bill, the SEC will study the effects mark-to-market, or fair-value, accounting is having on financial institutions balance sheets, the impact of that accounting on bank...

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