Accounting standards requiring that banks immediately post a loss every time they make a loan on the theory that some percentage of loans will go bad could lead to severe unintended consequences -- namely, that banks will simply stop making loans when they're having a bad quarter. Hans Hoogervorst, chairman of the International Accounting Standards Board, is concerned about this. But he says the alternative, which in part led to the financial crisis, is unacceptable. The U.S. law crafted by the Financial Accounting Standards Board is even stricter, but banks objected to other proposals because of their complexity.