A Bill to require certain financial institutions to prepare parallel accounts on the basis of the lower of historic cost and mark to market for their exposure to derivatives; and for connected purposes
House of Commons
1 May 2012
May contain errors — check source documents for definitive information.
The bill would require certain financial institutions to prepare a parallel set of accounts for their exposure to derivatives, using the lower of historic cost and mark-to-market values. This is meant to give a clearer, more conservative view of risk in their financial reporting. It is described as being for related or connected purposes beyond the basic rule.
The bill is at the 2nd reading stage in the Commons. The only dated stage provided is the first reading in March 2011; no further progress is shown in the information given.
Generated 21 February 2026
15 Mar 2011
No recorded votes for this bill yet.
