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
2015-06-22
40
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 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.
According to Paragraph 4, McCreevy objects to the IASB’s attempt to______.
选项
A、keep away from political influences
B、evade the pressure from their peers
C、act on their own in rule-setting
D、take gradual measures in reform
答案
C
解析
引申题。第四段“McCreevy,a European commissioner,warned the IASB that itdid“not live in a political vacuum.”McCreevy警告IASB不生活在政治的真空中。由于整篇文章讲对银行业的资产评估作规定,可推出IASB自行主张,自定规矩。
转载请注明原文地址:https://kaotiyun.com/show/b874777K
0
考研英语一
相关试题推荐
AmericanPrivateClinicsTransformTowardtheMedicalInstitutionsAquietrevolutionistransforminghowmedicalcareisde
DepressionAstudyledbyresearchersattheUniversityofPennsylvaniaindicatesthattheantidepressantsworknobetterth
Americastillwallowsinwhatfeelslikearecession.However,Americansaretakingmattersintotheirownhands.Anewmovement
Pictureyourselfasahistorianin2035,tryingtomakesenseofthisyear’sAmericanelectioncampaign.Manyofthewebsitesan
Inthefollowingtext,somesentenceshavebeenremoved.ForQuestions41—45,choosethemostsuitableonefromthelistA—Gt
WriteanessaywiththetitleofOnInternetCulture.Inyouressay,youshould:1.talkabouttheInternetculture;2.listthe
ManyforeignerswhohavenotvisitedBritaincallalltheinhabitantsEnglish,fortheyareusedtothinkingoftheBritishIsle
ManyforeignerswhohavenotvisitedBritaincallalltheinhabitantsEnglish,fortheyareusedtothinkingoftheBritishIsle
Itisknownthattextmessages(手机短信)hasbothadvantagesanddisadvantages.Somepeoplethinkitisablessing,whileothersre
______theEuropeansbegantolearnhowtousethecompassontheirships.
随机试题
A.医疗机构配制的制剂B.处方药C.甲类非处方药D.麻醉药品凭医师处方才能在零售药店购买的是
某环卫所积极推行城市垃圾分类回收管理,他们在A社区放置了一些有分类标识的垃圾回收箱,结果却发现仍然有许多居民并没有将生活垃圾分类放置。造成这种现象的原因最不可能的是()。
在低碳钢拉伸实验中,冷作硬化现场发生在:
实现经济的、道德的、社会的以及政治历史的统一,是财政政策的()收入分配目标。
强制性的基金信息披露制度,其作用包括()。Ⅰ.有利于培育和完善市场运行机制Ⅱ.有利于防止利益冲突和利益输送Ⅲ.有利于投资者提高操作水平和盈利能力Ⅳ.有利于增强市场参与各方对市场的理解和信心
某运输公司为增值税一般纳税人,2016年2月提供货物运输劳务取得价税合计金额为111万元,提供客运劳务取得不含税价款190万元,当月购进运输用汽车取得的增值税专用发票上注明价款180万元。增值税额30.6万元。则该运输公司2016年2月应缴纳增值税()
某程序的框图如图所示,若输入x=—5,则执行该程序后输出结果的值是______.
在下列各项中,属于可控成本必须同时具备的条件有()。
假设“图书”表中有c型字段“图书编号”,要求将图书编号以字母A开头的图书记录全部打上删除标记,可以使用SQL命令
Youhadbetter______adoctorassoonaspossible.
最新回复
(
0
)