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SEC Launches Mark-to-Market Study; Results Due Jan. 2

Tammy Whitehouse | October 8, 2008

The Securities and Exchange Commission is getting its ducks in a row to begin studying fair value, or “mark-to-market,” accounting as required by the federal bank bailout bill, the Emergency Economic Stabilization Act of 2008.

“We are in the process of assessing the requirements, developing plans, and dedicating resources to fulfill the mandate,” said SEC spokesman John Nester. The 90-day study will examine the effect of mark-to-market accounting on a financial institution’s balance sheet, on bank failures in 2008, and on the quality of financial information provided to investors. The study will also look at the process used by the Financial Accounting Standards Board to develop accounting standards.

Congress also told the SEC to include in its report any alternatives to the fair-value accounting methods...

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