首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
Bankers have been blaming themselves for their troubles in public. Behind the scenes, they have been taking aim at someone else:
Bankers have been blaming themselves for their troubles in public. Behind the scenes, they have been taking aim at someone else:
admin
2017-12-11
43
问题
Bankers have been blaming themselves for their troubles in public. Behind the scenes, they have been taking aim at someone else: the accounting standard-setters. Their rules, moan the banks, have forced them to report enormous losses, and it’s just not fair. These rules say they must value some assets at the price a third party would pay, not the price managers and regulators would like them to fetch.
Unfortunately, banks’ lobbying now seems to be working. The details may be unknowable, but the independence of standard-setters, essential to the proper functioning of capital markets, is being compromised. And, unless banks carry toxic assets at prices that attract buyers, reviving the banking system will be difficult.
After a bruising encounter with Congress, America’ s Financial Accounting Standards Board(FASB)rushed through rule changes. These gave banks more freedom to use models to value illiquid assets and more flexibility in recognizing losses on long-term assets in their income statement. Bob Herz, the FASB’ s chairman, cried out against those who "question our motives." Yet bank shares rose and the changes enhance what one lobby group politely calls "the use of judgment by management."
European ministers instantly demanded that the International Accounting Standards Board(IASB)do likewise. The IASB says it does not want to act without overall planning, but the pressure to fold when it completes its reconstruction of rules later this year is strong. Charlie McCreevy, a European commissioner, warned the IASB that it did "not live in a political vacuum" but "in the real world" and that Europe could yet develop different rules.
It was banks that were on the wrong planet, with accounts that vastly overvalued assets. Today they argue that market prices overstate losses, because they largely reflect the temporary illiquidity of markets, not the likely extent of bad debts. The truth will not be known for years. But bank’ s shares trade below their book value, suggesting that investors are skeptical. And dead markets partly reflect the paralysis of banks which will not sell assets for fear of booking losses, yet are reluctant to buy all those supposed bargains.
To get the system working again, losses must be recognized and dealt with. America’s new plan to buy up toxic assets will not work unless banks mark assets to levels which buyers find attractive. Successful markets require independent and even combative standard-setters. The FASB and IASB have been exactly that, cleaning up rules on stock options and pensions, for example, against hostility from special interests. But by giving in to critics now they are inviting pressure to make more concessions.
Bankers complained that they were forced to
选项
A、follow unfavorable asset evaluation rules.
B、collect payments from third parties.
C、cooperate with the price managers.
D、reevaluate some of their assets.
答案
A
解析
细节题。根据题干关键词Bankers complained和forced定位到第一段。“Their rules,moan the banks,have forced them to report enormous losses,and it’s just not fair.These rules say they must value some assets at the price a third party would pay,not the price managers and regulators would like them to fetch.”该句关键词为“rules”.四个答案中只有A项包含这个关键词,所以可以很快 选出A项。
转载请注明原文地址:https://jikaoti.com/ti/qvX7FFFM
0
考研英语一
相关试题推荐
AsValentine’sDayapproaches,manysinglepeoplebegintofeelalittlesorryforthemselves.Onaday【C1】______bycouples,thi
AsValentine’sDayapproaches,manysinglepeoplebegintofeelalittlesorryforthemselves.Onaday【C1】______bycouples,thi
AsValentine’sDayapproaches,manysinglepeoplebegintofeelalittlesorryforthemselves.Onaday【C1】______bycouples,thi
AsValentine’sDayapproaches,manysinglepeoplebegintofeelalittlesorryforthemselves.Onaday【C1】______bycouples,thi
Oldpeoplearealwayssayingthattheyoungarenotwhattheywere.Thesame【C1】______ismadefromgenerationtogenerationand
Oldpeoplearealwayssayingthattheyoungarenotwhattheywere.Thesame【C1】______ismadefromgenerationtogenerationand
Oldpeoplearealwayssayingthattheyoungarenotwhattheywere.Thesame【C1】______ismadefromgenerationtogenerationand
Oldpeoplearealwayssayingthattheyoungarenotwhattheywere.Thesame【C1】______ismadefromgenerationtogenerationand
Oldpeoplearealwayssayingthattheyoungarenotwhattheywere.Thesame【C1】______ismadefromgenerationtogenerationand
随机试题
A.再造散B.败毒散C.三仁汤D.羌活胜湿汤E.九味羌活汤(1993年第91,92题)憎寒壮热,头痛项强,肢体酸痛,无汗,鼻塞声重,咳嗽有痰,胸膈痞闷,舌苔E{腻,脉浮数而重取无力者,治宜选用()
根据《证券公司风险控制指标管理办法》,证券公司经营证券自营业务,持有权益类证券及证券衍生品的规模及比例应符合()。 Ⅰ.自营权益类证券及证券衍生品的合计额不得超过净资本的100% Ⅱ.自营权益类证券及证券衍生品的合计额不得超过净资产
《腊月·正月》中的主要人物是()
MRI相对CT的主要优势,不正确的是
在工程经济分析中,影响资金等值的因素有()。
(2004年真题)出版单位岗位聘用制度的要点包括()等。
分析下题错误的原因,并提出相应预防措施。例:春光小学今年有学生840人,比去年增加40人,今年的学生人数比去年增加百分之几?[常见错误](840-40)+840=800+840≈0.952=95.
《中华人民共和国未成年人保护法》第五十四条规定,对违法犯罪的未成年人,实行教育感化、挽救的方针,应坚持的原则是()。
下列权利中,属于人格权的是()。
Thehours______thechildrenspendintheirone-wayrelationshipwithtelevisionpeople,undoubtedlyaffecttheirrelationships
最新回复
(
0
)