Accounting Rulemaker Cool to Post-SVB Asset Valuation Changes

US accounting rulemakers are evaluating requests to change bank accounting rules that critics say hid Silicon Valley Bank’s losses and contributed to its demise, but they don’t appear to be in a rush to take action.

Two major investor groups recently petitioned the Financial Accounting Standards Board to require that banks report all of their assets at fair value, which they argue would give investors a truer picture of the highs and lows of banks’ holdings. But existing accounting rules already require banks to disclose the fair value of the long-term assets, Financial Accounting Standards Board Chair Richard Jones