Heads Up: FASB Proposes New Guidance on Repurchase Agreements
Volume 20, Issue 3
This Heads Up discusses the FASB’s recently issued proposed Accounting Standards Update Effective Control for Transfers With Forward Agreements to Repurchase Assets and Accounting for Repurchase Financings. The proposal would require repurchase agreements (“repos”) that meet the criteria for secured-borrowing accounting to be accounted for as secured borrowings rather than as sales with forward repurchase agreements, including those repos that settle at the maturity of the transferred assets.
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