Consolidation = Control: The GAAP Presumption Under Regulation W

One of the most important threshold questions under Regulation W is whether one company “controls” another, because control determine affiliate status. The Federal Reserve has provided one helpful bright-line rule that simplifies this analysis in many cases: if a company consolidates another company on its financial statements prepared under U.S. GAAP, that first company is … Continue reading “Consolidation = Control: The GAAP Presumption Under Regulation W”