LAW FIRM WARNS BANKS ON FINANCIAL ASSETS STRUCTURE

摘要

New accounting rules will restrict banks' ability to give credit and encourage institutions to carry assets at amortised cost to avoid mark-to-market requirements, a leading law firm has claimed.rnThe International Accounting Standards Board and the US Financial Accounting Standards Board rules on consolidation will adversely affect financing through off-balance sheet entities,rnaccording to Freshfields Bruckhaus Deringer.