FASB launches research project on data infrastructure and non-traditional lending
The Financial Accounting Standards Board (FASB) has added a new item to its research agenda: current trends and emerging issues in the fast-moving areas of data infrastructure investments and non-traditional lending, including the private credit market. Deepening interest in these themes reflects concerns associated with both the manner in which AI and other data centres are being funded and expanded use of private credit in a wide range of financing.
Investors have been growing anxious about the state of the private credit market. Meanwhile, data infrastructure providers have been struggling to keep pace with demand for AI-focused data capacity. FASB’s research project will involve canvassing stakeholders, with the findings presented to the Board to help determine whether any formal additions to FASB’s technical agenda are warranted.
Whether a new accounting standard ultimately emerges from this project remains to be seen, but the fact that non-traditional lending and data infrastructure have made it onto the list speaks to how central these topics have become to the US economy, as well as the way that these structures are measured and disclosed.
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