(The following statement was released by the rating agency) NEW YORK, June 23 (Fitch) US accounting standard changes for “repo-to-maturity” (RTM) transactions better reflect bank leverage by bringing them on-balance-sheet, Fitch Ratings says. The new treatment is in line with the supplementary leverage ratio rule for the largest US banks. The revision eliminates the loophole to account for RTMs as sales. It is the latest fix from the Financial Accounting Standards Board to the financial asset
Source: Financials
