Accounting change not meant to shock: SEC's Cox (Reuters)

Securities and  Exchange Commission Chairman  Christopher Cox testifies  at the U.S.  House Financial Services  Committee about financial  market regulatory restructuring  in Washington July  24, 2008. (Larry  Downing/Reuters)Reuters - An accounting change that could
force banks to bring trillions of dollars of off-balance sheet
transactions back on their books will be implemented in a way
that will not create unnecessary shocks, the chairman of the
U.S. Securities and Exchange Commission said on Thursday.