Separately recognized servicing assets and liabilities.

• Position: FASB News - Brief article

FASB has issued Statement of Financial Accounting Standards No. 156, Accounting for Servicing of Financial Assets, and amendment to FAS 140.

The new standard addresses the recognition and measurement of separately recognized servicing assets and liabilities and provides an approach to simplify efforts to obtain hedge-like accounting.

The standard is effective for all separately recognized servicing assets and...