3 May 2011: FASB issues ASU to improve financial reporting of repurchase agreements

Posted by on 3 May, 2011
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The US Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2011-03 ‘Transfers
and Servicing (Topic 860): Reconsideration of Effective Control for Repurchase Agreements’. This ASU is
intended to improve the accounting for repurchase agreements (repos) and other agreements
that both entitle and obligate a transferor to repurchase or redeem financial assets before their maturity.

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