FASB Retains Nov. Eff. Date For Disclosures Of Credit Deriv's, Other Guar.

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By Edith Orenstein, FEI Financial Reporting Blog -
FASB voted earlier today (Aug. 6) to retain the effective date stated in its proposed FASB Staff Position (FSP) No. FAS 133-b and FIN 45-c, Disclosures about Credit Derivatives and Certain Guarantees: An Amendment of FASB Statement No. 133 and FASB Interpretation No. 45. (Proposed FSP, comment letters.) That proposed effective date is fiscal years and interim periods ending after Nov. 15, 2008. See further details from today's board meeting here.

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