Strip FASB of its Powers

American Banker, June 12, 2020–William M. Isaac, Howard P. Milstein (subscription)
The authors, a former chair of FDIC and chair of Emigrant Bank, respectively, say awmakers should go further than their recent criticism of the Financial Accounting Standards Board’s loan-loss rule and just hand over its duties to the Securities and Exchange Commission.
https://www.americanbanker.com/opinion/strip-fasb-of-its-powers