2. 考研
  3. 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:

admin2021-01-06  20
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 statements. Bob Herz, the FASB’s chairman, cried out against those who "question our motives." Yet bank shares rose and the changes enhance what one lobbying 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 banks’ 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.
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 本题是事实细节题。定位点在全文首段最后一句：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．这句话的意思是：这些规则规定他们必须给资产评估出第三方愿意支付的价格，而不是经理人和管理者想要让他们定出的价格。那么同义转化就是“银行家抱怨他们不得不接受不利于他们的资产评估规则”。B项中的collect payments即“收款”是原文没有提到的新信息；C项中cooperate是原文没有涉及的内容；D项中的reevaluate也是原文未涉及的内容，故排除。
转载请注明原文地址:https://kaotiyun.com/show/NN1Z777K
0

考研英语一

相关试题推荐
随机试题
最新回复(0)