WASHINGTON, March 16 The Financial Accounting
Standards Board, which sets U.S. accounting rules, on Monday
proposed allowing companies to exercise more judgment in
determining if a market for an asset is active and if a
transaction is "distressed."
FASB put the proposals out for comment, with the hope of
having the mark-to-market accounting guidance approved in time
for companies to use it when preparing their first-quarter
Board members said the guidance could help boost fair
values, or mark-to-market values, and get investors more
interested in U.S. banks.
(Reporting by Karey Wutkowski; editing by John Wallace)