The Financial Accounting Standards Board’s (FASB) proposal that would mandate fair value accounting treatment for most banks is not finding any supporters in the institutional investor space, a new study claims.

In a joint-study offered by Keefe, Bruyette & Woods (KBW) and Greenwich Associates, which included responses received from roughly 62 U.S. institutional investors last month, explained that more than 66% of the pool “say they are strongly or very opposed to the proposal.” Approximately 20% are in favor of its current recommendations, an Oct. 19 release stated.              

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