Has anyone heard about (or read) the Federal Reserves updated positions on off-balance sheet accounting (mainly related to all of the securitized assets held by banks/institutions in bankruptcy remote vehicles)?
The last Fed directive/statement I read on this matter was Bernanke's Jan. 10th speech. It implied the fed's need to review existing policies but spelled out no diretion.
If an update of the fed's position exists, it would be very helpful for me to know. Someone advises me a Bernanke speech re this issue is imminent.
Thanks
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Thanks for the update. The G7 statement echoes the Fed's last statement (a good thing if you hope for a single universal directive). But what are the chances of that?
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Current Topic - Off-Balance Sheet Accounting Revisions