June 25, 2009
1:00 pm Eastern / 10:00 am Pacific
Duration: 60 minutes
Principal - Fixed Income
Actualize Consulting, LLC
VP, Product Management
TPG Software, Inc.
Join us for a presentation of the latest FASB changes for impairments on debt securities. As of June 15, 2009, you must follow the new regulatory guidelines relating to impairments of “Other-Than-Temporarily Impaired” (OTTI) securities. We will discuss FSP FAS 115-2, which amends U.S. GAAP for recognition and measurement guidance related to OTTI of available-for-sale and held-to-maturity debt securities. FSP FAS 115-2 requires that institutions separate OTTI for debt securities into the credit loss amount (recognized in earnings) and the amount related to all other factors (non-credit loss) into the accumulated other comprehensive income amount (net of applicable taxes).
This 60 minute presentation will give you the background you need to better understand and react to the changing regulatory environment.