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Witnesses at tomorrow's US Congress MTM hearing

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11 Mar 2009

In our news story on 8 March 2009, we reported that the US House of Representatives Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises will hold a hearing on 12 March 2009 on mark-to-market (MTM) accounting for financial instruments.

The Subcommittee has now announced the list of witnesses, which will include FASB Chairman Robert H. Herz:

Panel 1

  • Mr. James Kroeker, Acting Chief Accountant, U.S. Securities and Exchange Commission
  • Mr. Robert Herz, Chairman, Financial Accounting Standards Board
  • Mr. Kevin Bailey, Deputy Comptroller for Regulatory Policy, Office of the Comptroller of the Currency
Panel 2
  • Mr. Jeff Mahoney, General Counsel, Council of Institutional Investors
  • Ms. Cindy Fornelli, Executive Director, Center for Audit Quality
  • Mr. Thomas Bailey, Chairman, Pennsylvania Association of Community Bankers, and President and Chief Executive Officer, Brentwood Bank
  • Mr. Lee Cotton, Past President, Commercial Mortgage Securitization Association
  • Ms. Tanya Beder, Chairman, SBCC Group
  • Mr. Robert D. McTeer, Distinguished Fellow, National Center for Policy Analysis
  • The Honorable William Isaac, Chairman, The Secura Group of LECG (former chairman of the Federal Deposit Insurance Corp)

Click to view our 8 March 2009 news story on the US Congress examination of 'mark-to-market accounting'.

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