Harms Comments on Banks Efforts in Dealing with SFAS 157
Summary
As financial institutions continue to struggle in the current market environment, the American Bankers Association recently outlined numerous concerns about the new fair value guidance.Isn’t that introducing unnecessary volatility to my earnings?’” Mercer Capital is a business valuation and investment banking firm serving a national and international clientele.For over 25 years, Mercer Capital has been bringing uncommon professionalism, intellectual rigor, technical expertise, and superior client service to a broad range of public and private companies and financial institutions located throughout the world.### Memphis, TN, May 24, 2008 --( PR.com )-- Travis W. Harms, CFA, CPA/ABV, a senior vice president at Mercer Capital, was recently quoted in an article published in Compliance Week, titled "Struggling on Values, Banks Fire at FAS 157," by Tammy Whitehouse.In the article, published May 20, 2008, Harms comments on how banks are dealing with the ramifications of the Financial Accounting Standards Board’s FAS 157, Fair Value Measurements, in the context of the recent market turbulence.As financial institutions continue to struggle in the current market environment, the American Bankers Association recently outlined numerous concerns about the new fair value guidance.Isn’t that introducing unnecessary volatility to my earnings?’”Mercer Capital is a business valuation and investment banking firm serving a national and international clientele.