C. Myblog

For Your Radar: Proposed FASB Update On Liquidity And IRR

August 23, 2012

From now until September 25, the Financial Accounting Standards Board (FASB) has a Proposed Standards Update open for comment regarding liquidity risk and interest rate risk. The proposed interest rate risk disclosures, if passed, would provide dangerous and misleading information about the safety and soundness of a financial institution, and therefore, the financial services industry. With an interest in how this document could potentially impact the credit union industry, c. myers drafted a response and will issue it to FASB shortly.

To view the current draft of our comments, please click here:  http://www.cmyers.com/cnotes/cmyersdraftfasbresponse.pdf

Click here to view the proposed update on the FASB website.

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