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: Derivatives, FAS 133

Regulation: June 2011
A proposed federal rule stemming from the Dodd-Frank law — that could force companies to hold aside substantial amounts of cash to meet margin calls on derivative contracts — is causing concern among Fortune 500 industrial companies that use derivatives to hedge business risks.
Derivative Instruments and Hedging Activities - Impairment (the Supplement)
Supplementary Document, Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities - Impairment (the Supplement). Financial Crisis Inquiry Commission Releases Its Report
On Jan. 27, 2011, the Financial Crisis Inquiry Commission releaased its report of the financial and economic crisis. FASB To Hold Roundtables On Financial Instruments, Other Standards
On Sept. 10, FASB announced it will hold a series of public roundtables on the proposed Accounting Standards Update: Accounting for Financial Instruments and Revisions to the Accounting for Derivative Instruments and Hedging Activities - Financial Instruments (Topic 825) and Derivatives and Hedging (Topic 815). Dodd-Frank Act Signed By President Obama
Summary Of Provisions In The Dodd-Frank Act
On June 25, 2010, the House and Senate Conference Committee on Financial Regulation approved the Dodd-Frank Act on a party-line vote. FEI joins Coalition for Derivatives End-Users in Urging Protection for Corporate Hedging
FASB Releases Proposals On Financial Instruments, Comprehensive Income
On May 26, 2010 FASB released proposed standards on Financial Instruments and Comprehensive Income. House And Senate Show Divergence On Derivatives Regulations
The House and Senate show divergence on derivatives regulations to be included in the Restoring America Financial Stability Act, a reconcillation of which is expected to be completed by the end of June. Financial Stability Act Passes in the Senate
The U.S. Senate voted to approve S.3217, Resotring America Financial Stability Act of 2010, by a vote of 59 to 39 on May 20, 2010. Summary Of Amendments In Senate Financial Stability Act
As the U.S. Senate continues debate on S. 3216, here is a summary of floor action to date. Debate is expected to continue through the week of May 17, 2010. Summary Of Amendments In Senate Financial Stability Act
Agriculture Committee Passes Derivatives Legislation, Full Senate Plans Debate
On April 21, 2010 on an almost party-line vote of 13-8, Chairwoman Blanche Lincoln's (D-Ark.) Senate Agriculture Committee voted to approve a bill regulating the over-the-counter derivatives markets. Chairman Dodd Releases New Wall Street Reform Legislation Bill
On Monday, March 15, 2010 Sen. Chris Dodd (D-Conn.), Chairman of the U.S. Senate committee on Banking, Housing and Urban Affairs, released a new substitute bill to overhaul the nation's financial regulations. FASB Issues ASU 2010-11 On Embedded Credit Derivatives
On March 5, 2010 FASB released ASU 2010-11 on embedded credit derivatives. Favorable Progress Made On Derivatives Reform
On Dec. 10, 2009 the U.S. House of Representatives voted favorably on several amendments being tracked by FEI regarding regulation of over-the-counter derivatives. House Passes Financial Regulatory Reform Bill
On Dec. 11, 2009 the House of Representatives passed by a 223-202 vote, its version of a comprehensive financial regulatory reform bill, entitled H.R. 4173, the Wall Street Reform and Consumer Protection Act. House, Senate Diverge On Derivatives Regulation
The House Financial Services Committee and other House and Senate committees addressing reform of over-the-counter derivatives are diverging on certain provisions of their respective bills. House Committee Approves Derivatives Bill
On Oct. 15, 2009 the House Financial Services Commitee approved legislation proposing fundamental changes to the regulation of over-the-counter derivatives. Congress Seeks Regulation Of Derivatives, Balancing End-User Needs
FASB Discusses Direct Cash Flow, Comment Deadline on Embedded Credit Derivatives
On Oct. 7, 2009 the FASB board hear feedback from an academic researcher and from an analyst on the boards proposal regarding the direct cash flow method. Separately, the board voted on the comment deadline on its upcoming proposal on embedded credit derivatives. U.S. Treasury Releases OTC Derivatives Legislation
On Aug. 11, 2009 the U.S. Treasury Department released their final piece of legislative language in their plan for Financial Regulatory Reform, which covers the regulation of OTC derivatives. FASB Chairman Delivers Speech At National Press Club
FASB Appoints New Board Member-Marc Siegel; More FASB News
On Sept. 26, 2008 the Financial Accounting Foundation which oversees the Financial Accounting Standards Board announced the appointment of a new FASB board member: Marc A. Siegel Credit Default Swaps, Credit Derivatives, Require More Disclosure In FSP Issued Sept. 12
On Sept. 12, 2008, FASB issued an FSP requiring new disclosures about credit derivatives, including credit default swaps and certain embedded derivatives, (amending FAS 133 and FIN 45), and, more generally, clarifying the effective date of FAS 161on derivatives disclosures. FEIs CCR Committee expresses concerns with the proposed FASB amendmen to FAS 133 Hedge Accounting.
FEIs Committee on Corporate Reporting expresses significant concerns with the proposed FASB amendments to FAS 133 on Hedge Accounting. FASB Moves Closer To Proposing Guidance On Credit Derivatives, Hedging
Detailed Summary Of FASB Board Meeting
Following is a detailed summary of FASB's April 30, 2008 board meeting. FASB Issues FAS 161 On Derivatives, Hedging Disclosures
On March 19, 2008, FASB issued FAS 161 on derivatives and hedging disclosures, and proposed FSP FAS 132R-a on employer's disclosures about post-retirement benefit assets. New Guidance From FASB (FAS 133 Interp E23) On 'Shortcut Method' Of Hedge Accounting, by KPMG
KPMG's "Defining Issues" published Jan. 16, 2008 addresses FASB's new guidance on use of the short-cut method for hedging (FAS 133 Issue E23). FAS 133: E&Y Proposes Accounting For Hedging Forecasted Foreign Change Debt Issuance
At its Aug. 16, 2006 meeting, the Financial Accounting Standards Board (FASB) discussed potential implementation guidance relating to paragraph 29(c) of Statement of Financial Accounting Standard 133 on Derivatives. The central issue is whether or not the proceeds from forecasted issuance of foreign debt are eligible for designation as a hedged transaction in a cash flow hedge.
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