Letters

Proposals by the SEC and FASB Relating to Accounting Treatment of Financial Derivatives

Summary

The Securities Industry Association (SIA)* provides comments to the U.S. Senate Banking Subcommittee on Securities on the report, Proposals by the Securities and Exchange Commission (SEC) and the Financial Accounting Standards Board (FASB) for the Accounting Treatment of Financial Derivatives.  SIA expresses their agreement with the findings of the report and recommendations.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.

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Date

28

April

1997