OCC Exec Says Keep Mark-To-Market Rules

12 Mar 2009

Kevin Bailey, deputy comptroller of the currency, opposes effort to suspend mark-to-market accounting rules.

Kevin Bailey, deputy comptroller of the currency, opposes effort to suspend mark-to-market accounting rules. In testimony before a House Financial Services subcommittee Thursday, Bailey said it would be "inappropriate" to suspend the current fair value measurement, though he did say additional steps should be taken to enhance ...

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