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
2014-11-24
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 it 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 word" 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
事实细节题。选项B是对文章内容的偷梁换柱,把value偷换为collect。选项C与原文语义相反。错误一:原文明确说“规则不让按照managers期待的价格评估”,所以这与cooperate(合作)语义相反。错误二:原文中没有提到price manager这个概念,managers andregulators would like them to fetch是定语从句来修饰price。选项D reevaluate(重新评估)无中生有。题目中complain相当于moan,选项A中unfavorable相当于not fair,asset evaluation相当于value some assets,所以本项属于同义替换,因此正确选项为A“遵循不利的资产评估准则”。
转载请注明原文地址:https://kaotiyun.com/show/JuK4777K
0
考研英语一
相关试题推荐
Cultureshockmightbecalledan【C1】______diseaseofpeoplewhohavebeensuddenly【C2】______abroad.Likemostailments,ithasi
Thegreatchariotofsociety,whichforsolonghadrundownthegentleslopeoftradition,nowfounditselfpoweredbyaninter
Americanwomenexperienceagreat【C1】______oflifestyles.A"typical"Americanwomanmaybesingle.Shemayalsobedivorcedor
WorkisaveryimportantpartoflifeintheUnitedStates.WhentheearlyProtestant【C1】______cametothiscountry,theybrough
Yes,Isupposethingsmighthavebeendifferent,butwhoknows?Ihavemoretimetothinkthesedays,ofcourse,andit’sfunny
Yes,Isupposethingsmighthavebeendifferent,butwhoknows?Ihavemoretimetothinkthesedays,ofcourse,andit’sfunny
Yes,Isupposethingsmighthavebeendifferent,butwhoknows?Ihavemoretimetothinkthesedays,ofcourse,andit’sfunny
TheOilProducesWorldoilproductionisabouttoreachapeakandgointoitsfinaldecline.Foryears,ahandfulofpetrol
TheOilProducesWorldoilproductionisabouttoreachapeakandgointoitsfinaldecline.Foryears,ahandfulofpetrol
Doyourchildrenlietoyouandtheirfriendsabouttheiractivitiesonline?Dotheyfeelempty,depressedandirritablewhenno
随机试题
简述民事司法豁免权的不完全性和有限制性的主要表现c
分权程度越大,则意味着()
最可能的诊断是:此时最恰当的处理应是:
患者,男,51岁。消化性溃疡5年,因腹痛、反酸入院,治疗期间由于饮食不当并发大出血。此时不会出现
护理评价中最重要的是
金融工具包括票据、债券等债权债务凭证,但不包括所有权凭证。()
下列措施中,属于大体积混凝土温控措施的有()。
下位学习可以分为两种形式:一种是相关类属,即新学习内容仅仅是学生已有的、包容面较广的命题的一个例证,或是能从已有命题中直接派生出来的。另一种是派生类属,即新内容纳入可以扩展、修饰或限定学生已有的概念、命题,并使其精确化。
使用“应用程序向导”创建的项目,除项目外还自动生成一个【】。
Whatmustthewomando?
最新回复
(
0
)