In the United States is preparing tougher reporting requirements for banks

In the United States is preparing tougher reporting requirements for banks

U.S. regulators in the near future could offer new reporting rules for banks and finkompany aimed at countering the so-called "window dressing", in practice a sharp temporary decline in debt shortly before the publication of statements from his subsequent restoration to previous levels, the agency said Finmarket with referring to the Wall Street Journal.

"Window dressing" (literally - "window dressing") - are actions designed to make financial reporting a desired form, that is to create visibility of better financial position than it actually is.

In particular, the study by Wall Street Journal, showed that the 18 largest U.S. banks regularly reduced the level of debt immediately before the promulgation of accounting at the end of each of the last six quarters, while the average amount of debt decreased by 42% from peak values during the quarter .

Discussion of this issue happens at the meeting of the Securities and Exchange Commission (SEC) in the U.S. on Friday. As expected, after a meeting of SEC will submit its proposals to the public.

In March the SEC has conducted an investigation in respect of approximately 24 large U.S. financial companies in the preparation of financial statements allegedly admitted violations similar to those used by Lehman Brothers.