One of the first American Securitization Forum (ASF) subcommittees being organized is the Accounting and Tax Subcommittee. An immediate, high priority item for that group is to provide input to FASB on their SPE Consolidations project from a broad securitization industry perspective.

The subcommittee will be coordinating its activities closely with other industry groups that are also directly engaged in this project - including The Bond Market Association (BMA), which is participating in a joint accounting policy group along with International Swaps and Derivatives Association (ISDA) and the Securities Industry Association (SIA) - to ensure consistency and cohesion in the industry's approach and specific recommendations to the FASB on this important issue.

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