In a speech today in Washington, SEC Chairman Cox dashed the hopes of those who sought a suspension of fair-value accounting.
Newly appointed bank CEO Gerrit Zalm, who also chairs the trustees of the International Accounting Standards Board, says that the credit crisis is a regulatory problem, not an accounting one.
Paul Volcker, now officially an economic adviser to the incoming Obama administration, is famous as a fierce inflation fighter. But he also has strong views on accounting topics that might soon become mainstream economic issues.
It wouldn't be the first time bank regulators broke from accounting rulemakers to find a solution to dwindling capital reserves.
While we wait to find out who becomes Treasury Secretary, here's what Obama's economic advisory board might say about some more specific corporate-finance issues.
The SEC is expected to publish its timetable for switching from GAAP to IFRS on Friday. But the plan, first proposed in August, will be released into a radically different economic and political environment.
The latest survey from the Fed shows banks are putting an ever-tighter squeeze on credit lines and loans to companies.
One day after the bailout bill failed in Congress and the market took its largest point plunge ever, the finance chief of the South's largest utility holding company is watching his bank relationships like a hawk.
The presence of the government in the market could be just another piece of information to assess.
A Treasury advisory committee recommends that audit firms should file GAAP financial reports with the PCAOB.
In prepared testimony that he will deliver to the Senate this morning, the SEC chairman will call for Congress to give his agency authority over swaps.
In a "temporary emergency action," the SEC halts short selling of the stocks of 799 financial companies.
