SIA and Other Associations Submit Comments to FASB on a Proposed Statement of Financial Accounting Standards

The Securities Industry Association (SIA)*, The Bond Market Association (TBMA)*, the American Securitization Forum (ASF), and the International Swaps and Derivatives Association (ISDA)provide comments to the Financial Accounting Standards Board (FASB) ona proposed statement of financial accounting standards, The Fair Value Option for Financial Assets and Financial Liabilities, File Reference No. 1250-001. The Associations believe the FASB should not delay in the issuance of the final statement and share their professional expertise and practical experience to enhance the proposal.

*SIFMA is the product of a merger between the Securities Industry Association (SIA) and The Bond Market Association (TBMA) in 2006.