The Financial Accounting Standards Board, which sets U.S. accounting rules, voted on Monday to adopt two rules that could force financial institutions to bring more off balance sheet assets onto their books.
The rules will take effect at the beginning of 2010 and the FASB expects to issue final versions next month.
The changes, which affect two rules known as FAS 140 and FIN46(R), have been watched closely by investors amid concerns it could force financial firms to book trillions of dollars worth of troubled assets and raise more capital to offset risks.
The FASB has been working on the changes to securitization accounting for months, as it tried to improve disclosures relating to mortgage-backed securities, structured investment vehicles and other passive investments designed to be legally isolated from the banks that create them.
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