US accounting body to unveil new bank-reserves standard
But analysts say the proposed approach would lead to highly subjective loan loss estimates
Thu, Jun 16, 2016 - 5:50 AM
A US accounting regulator plans to release new rules on Thursday that will change how banks set aside money for bad loans, raising fresh questions about the role of forecasts in their financial reports.
The Financial Accounting Standards Board's goal in setting up the new...