Regulators may outline new rules to target so-called window dressing, a practice that some banks use to temporarily reduce their debt levels before reporting their finances.
The SEC is scheduled to raise the matter at a meeting on Friday, then issue proposals for public comment, The Wall Street Journal said.
Window dressing isn’t illegal, but it can understate banks’ borrowing and risk taking….
Continue reading Regulators to Take Aim at Bank ‘Window Dressing’
Regulators to Take Aim at Bank ‘Window Dressing’ originally appeared on DailyFinance on Thu, 16 Sep 2010 08:15:00.