Thus leaving the fair-value accounting principle unchanged would unfairly punish financial companies and endanger, unnecessarily, the system’s stability. Although banks and business groups welcomed...

Thus leaving the fair-value accounting principle unchanged would unfairly punish financial companies and endanger, unnecessarily, the system’s stability. Although banks and business groups welcomed the change, certain investor groups opposed it, arguing that big banks would be able to hide the true value of their “toxic assets”.