American Banking Industry Will Use Next Year
American Banking industry will use next year the new accounting standards. The Federal Reserve issued the report to point out the other day, after new accounting standards implementation, the American first 19 big banks must return in the table outside the table the property or amount to 900,000,000,000 US dollars. US Financial inventory accounting Criterion Committee Monday abolishes so-called the special goal trust system through the resolution, and forbids the bank through this kind of mechanism concealment partial properties or the debt. Before the loan storm erupts, many banks through this kind of special goal fund, the room loan loan sell for theirs special goal fund, then again the mortgage bond sell serve under somebody’s banner these loan packing Cheng Fangdai to them other special goal fund.
This increases financial system’s system risk imperceptibly, also blurred the bank real liability situation. FASB original last year started to implement the new accounting standards, but has encountered banking industry’s protest. The US Banker association carries out vice-always indicated that the new accounting standards will bring the impact on the bank loan ability, causes the bank and the overall economy receives the injury.
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