The Clearing House Association, jointly with the ABA, submitted a comment letter to the FASB in response to Proposed Accounting Standards Update issued on August 6 to simplify evaluating puts/calls. TCH is supportive of the proposal which clarifies the requirements in assessing contingent put and call options that are embedded within certain debt instruments. The letter also supports allowing banks to choose whether to implement the guidance on a prospective or retrospective basis.
You Might Also Be Interested In...
Regulatory Reporting and Accounting BPI Comments on Banking Agencies’ Proposed Revisions to Call Reports and FR Y-9
Regulatory Reporting and Accounting BPI Comments on CFPB’s Proposed Registry of Nonbank Covered Persons Subject to Certain Agency and Court Orders
Regulatory Reporting and Accounting BPI Responds to NYDFS Request for Comments Concerning Presumption of Control of NY-Charted or Licensed Institutions
Security BPI and SIFMA Respond to NYDFS Proposal on Cybersecurity Requirements for Financial Services Companies
Cybersecurity Financial Trades Call for Accessible, Functional and Simple Cyber Incident Reporting Rules
More Posts by This Author
Silicon Valley Bank BPI’s Jeremy Newell Testifies on SVB Supervision Before House Oversight Committee
Bank Activities and Structure The Importance of Regional Banks for Small Business Lending and Economic Growth