It's about @#$@# time! WSJ reports: (see their graphic especially)
The agency's staff has been considering whether banks should be required to provide more frequent disclosure of their average borrowings, which would give a better picture of their debt throughout a quarterly period than do period-end figures.
See related posts: (by Nyquist-Shannon, quarterly balance sheet sampling permits only semiannual and longer term trends to be spotted)
What should the FTC and SEC do first to help consumers?
Great Suggestions for Financial Reform (from Lloyd Blankfein)
Why Accounting Information Should Be Reported in Real Time
Schapiro's remarks are still ringing in my ears:
"Rather than relying on carefully staged quarterly and annual snapshots, investors and creditors should have access to a complete real-life picture of a company's financial situation," the senators wrote to SEC Chairman Mary Schapiro, citing the Journal articles, among other things.
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