Facing political pressure to abandon fair-value accounting for banks, FASB's chairman will call...

|By:, SA News Editor

Facing political pressure to abandon fair-value accounting for banks, FASB's chairman will call today for the "decoupling" of bank capital rules from normal accounting standards, so that regulators can adjust rules in realtime: "Handcuffing regulators to GAAP or distorting GAAP to always fit the needs of regulators is inconsistent with the different purposes of financial reporting and prudential regulation."