WASHINGTON — Corporate credit unions are crossing their fingers that testimony at two Securities and Exchange Commission roundtables today will influence the SEC to consider updating fair-value accounting rules.
The roundtables are part of a congressionally mandated study required by the Emergency Economic Stabilization Act, which said the SEC may put a moratorium on mark-to-market accounting if the regulator deems such a move "necessary or appropriate in the public interest."
Yesterday, the Association of Corporate Credit Unions issued a letter to SEC Acting Secretary Florence Harmon.
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