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NEW YORK CITY-Taking an “if it ain’t broke, don’t fix it” approach, the CRE Finance Council gives a thumbs-down to proposed changes in the accounting treatment of derivative instruments, impairment modeling and hedging activities. “We believe that the current approach, which is based on an entity’s business strategy, works well and is not in need of major changes,” the council says in a comment letter to the Financial Accounting Standards Board.

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