Derivatives Disclosure and Accounting: Congressional HearingHearing on financial derivatives and the new SEC's regulations and the FASB's proposal concerning derivatives. Witnesses: Thomas Logan and Patrick Montgomery, Treasury Mgmt. Assoc.; Kenneth Lehn, Prof., U. of Pittsburgh, former Deputy Chief Economist, SEC; William Miller, Assoc. for Invest. Mgmt. and Research; Joseph Bauman, International Swaps and Derivatives Assoc., Inc.; Stephen Wallman, Commissioner, SEC, and Michael Sutton and Eric Sirri; Kenneth Wolfe, Hershey Foods Corp.; Alex Pollock, Fed. Home Loan Bank of Chicago; William Roberts, Amer. Bankers Assoc.; and Edmund Jenkins, chmn., Financial Accounting Standards Board. |
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accepted accounting principles accounting for derivatives accounting policies asset or liability Bank believe cash flow hedges Chairman change in fair Commission companies comprehensive income concerns costs derivative commodity instruments derivative financial instruments derivatives and hedging disclose disclosure alternatives disclosure requirements disclosures about market entity Exposure Draft fair value accounting fair value hedges FASB FASB's proposal Financial Accounting Standards financial reporting financial statements firm commitment forecasted transaction forward contract futures contracts gain or loss gains and losses hedge accounting hedged item hedging activities hedging transactions income statement information about market interest rate risk interest rate swap investment ISDA issuers issues loan market risk disclosures market risk exposures market risk sensitive ment offset options paragraph portfolio proposed Statement quantitative disclosures quantitative information recognized in earnings registrant's registrants result risk sensitive instruments SEC's Senator DODD Senator GRAMM sensitivity analysis statement of financial U.S. dollars value at risk volatility
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Page 147 - An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a currently valid OMB control number.
Page 207 - ... is designated as a hedge of the foreign currency exposure of a net investment in a foreign operation.
Page 82 - Disclosure of Information about Financial Instruments with Off-Balance Sheet Risk and Financial Instruments with Concentrations of Credit Risk" (Norwalk, CT, 1990); SFAS No. 107, "Disclosures about Fair Value of Financial Instruments
Page 152 - Item 305, provided that the disclosure is made by: an issuer; a person acting on behalf of the Issuer; an outside reviewer retained by the issuer making a statement on behalf of the Issuer; or an underwriter, with respect to information provided by the issuer or information derived from Information provided by the Issuer. (2) For purposes of paragraph (d) of this Item 305 only: (I) All Information required by paragraphs (a), (bXIXi), (bXIXili).
Page 163 - FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934...
Page 161 - Except as provided in paragraph (2), the term "bank" means any of the following: (A) An insured bank as defined in section 3(h) of the Federal Deposit Insurance Act. (B) An institution organized under the laws of the United States, any State of the United States, the District of Columbia, any territory of the United States, Puerto Rico, Guam, American Samoa, or the Virgin Islands...
Page 210 - ... the foreign currency exposure of a net investment in a foreign operation, the gain or loss is reported in other comprehensive income (outside earnings) as part of the cumulative translation adjustment.
Page 152 - Islands, which both accepts demand deposits or deposits that the depositor may withdraw by check or similar means for payment to third parties or others and is engaged in the business of making commercial loans.
Page 152 - Any company has control over a bank or over any company if— (A) the company directly or indirectly or acting through one or more other persons owns, controls, or has power to vote 25 per centum or more of any class of voting securities of the bank or...
Page 412 - What Process Did the FASB Follow in Developing Its Proposed Standard? Because the actions of the FASB affect so many organizations, its decisionmaking process must be fair.