Key Takeaways
- • SEC Chairman Paul Atkins publicly backed a Financial Accounting Standards Board (FASB) research project covering emerging capital-market topics, including data centers and private credit, per Bloomberg Tax.
- • Atkins said FASB is well-positioned to identify areas of US accounting guidance that may need to change in response to capital market developments.
- • Atkins emphasized clear, cost-effective rulemaking as the standard-setting approach he expects from the board.
- • FASB Chair Richard Jones launched the research effort in April, focused on current trends and emerging issues, including non-traditional financing structures.
- • Remarks were delivered Thursday, November 12, 2026, at an online conference hosted by Financial Executives International.
Summary
SEC Chairman Paul Atkins threw his support behind a research project at the Financial Accounting Standards Board (FASB) that addresses high-profile accounting topics such as data centers and private credit, according to Bloomberg Tax. Speaking at an online conference hosted by Financial Executives International on Thursday, Atkins said the Norwalk, Conn.-based board is well-positioned to identify areas of US accounting guidance that may need to change given developments in capital markets. The Securities and Exchange Commission recognizes FASB as the designated accounting standard-setter for public companies.
Atkins also stressed that any resulting rulemaking should be clear and cost-effective. His remarks signal regulatory interest in how reporting standards keep pace with fast-growing areas of the financing landscape.
FASB Chair Richard Jones initiated the research effort in April, focusing on current trends and emerging issues. The source article notes that the project includes non-traditional financing structures, a category that encompasses private credit. The publicly available excerpt does not provide further detail on timelines, specific proposals, or outcomes.
Atkins also stressed that any resulting rulemaking should be clear and cost-effective. His remarks signal regulatory interest in how reporting standards keep pace with fast-growing areas of the financing landscape.
FASB Chair Richard Jones initiated the research effort in April, focusing on current trends and emerging issues. The source article notes that the project includes non-traditional financing structures, a category that encompasses private credit. The publicly available excerpt does not provide further detail on timelines, specific proposals, or outcomes.
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