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FASB Chairman: Accounting Rules and Bank Capital Regulations Are Different!

Floyd Norris of the NY Times reports that FASB Chairman Robert H. Herz will announce at the AICPA’s SEC/PCAOB Developments Conference that the FASB will propose rules that provide for the “decoupling” of bank capital rules from normal accounting standards. According to Mr. Norris, the proposal would encourage bank regulators to make adjustments as they determine whether banks have adequate capital while still providing fair values of bank loans and other assets to investors.

Update

A copy Mr. Herz’s comments made at the conference are available, here.

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