FASB Rule Could Dry Up Capital of Regulated Industry: Trips Covenants of All

AccountantsWorld

企業年金の積み立て不足をすべてオンバランスにするという米国ＦＡＳＢの新基準案が、大きな影響を与える可能性があるという記事。

まず、新基準によって自己資本が大幅に変動するため、銀行、保険、エネルギーなどの当局の規制を受ける産業では、自己資本の基準をクリアするための対応が必要になります。

For example, if the new measurement tool yields a reading of "not enough capital," a regulator might tell a company to go out and raise more money. This, in turn, could precipitate a financial crisis for the company, and in time, affect its financial rating.


また、財務制限条項に抵触してより高い金利を支払わなければならなくなる可能性もあります。

In addition, the proposed accounting modifications could change the ratios of assets and liabilities sufficiently to violate existing loan covenants and require renegotiation of the terms of those loans. The clue to an agreement's vulnerability resides in the language of the covenants, so some advisors are urging their clients to examine these covenants now and to contact their lenders if they are suspicious.

他方、アナリストの分析にはＦＡＳＢの新基準案が何年も前からすでに織り込み済み（従来の基準でも注記がなされていたため）とのことです。

Many actuaries believe that financial analysts are already using the new FASB rule in their calculations. Jonas indicated that Moody's has adjusted statements to reflect the funded status of companies' pension trusts for years.