The House Subcommittee on Select Revenue Measures held a hearing to examine whether there is a need for a more uniform treatment of various derivative structures.
Committee Chairman Richard Neal (pictured), D-Mass., pointed out the pitfalls of derivatives, noting the financial damage to the market last Friday after one insurer posted heavy losses, in part due to one type of derivative, credit default swaps.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access