arrow_first

FASB new rules seek to end notorious Repo 105 accounting trick

The FASB has updated its repurchase agreements (repo) guide, a measure designed to end the accounting sleight of hand used by now defunct Lehman Brothers to polish its balance sheet.
FASB new rules seek to end notorious Repo 105 accounting trick

The Financial Accounting Standard Board (FASB) made amendments to its guidance on the usage of repurchase agreements  (repos) in a bid to do away with the financial chicanery utilised by Lehman Brothers before it collapsed.

Sign-in to access CorporateTreasurer content.

Please sign in to your subscription to unlock full access to our premium CT resources.

Free Registration & 7-Day Trial

Register now to enjoy a 7-day free trial. Click the link to get started.

Note: This free trial is a one-time offer. You are eligible for one free trial per year.

If you are a treasurer, CFO or senior finance professional at a corporate, please register to the website here.

Questions?

If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.
© Haymarket Media Limited. All rights reserved.
Sign up for CorporateTreasurer’s Newsletter
Top news, insights and analysis every Tuesday & Thursday
Free registration gives you access to our email newsletters
Become a CorporateTreasurer Subscriber
for unlimited access to all articles, newsletters