The U.S. Financial Accounting Standards Board (FASB) will discuss mark-to-market...

|By:, SA News Editor

The U.S. Financial Accounting Standards Board (FASB) will discuss mark-to-market guidelines at a board meeting Monday. The FASB says it  will focus on "additional application guidance that would clarify how mark to market is used in illiquid markets." Earlier today, FASB chairman Robert Herz told a House subcommittee that new rules could be implemented within three weeks.