FASB adds research project on data infrastructure and nontraditional lending

The Financial Accounting Standards Board has added a new project to its research agenda to study current trends and emerging issues in areas such as data infrastructure investments and nontraditional lending, including the private credit market, which has recently come under pressure.

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Investors have been fretting over the state of the private credit market in recent months, prompting some asset managers such as Blue Owl Capital to cap redemption requests from investors who want to pull out their funds.

Meanwhile data infrastructure providers have also been facing challenges meeting the demand for data centers to provide capacity for artificial intelligence companies amid growing opposition to building such centers in local communities.

As part of the project, FASB’s staff plans to solicit feedback from the board’s stakeholders to evaluate the continuing relevance of its standards and identify potential improvements.

The staff will present the board with the information so the board members can determine whether to add items to the FASB technical agenda based on stakeholder feedback and the board’s agenda criteria.