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
2017-07-09
24
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.
The author’s attitude towards standard-setters is one of_________.
选项
A、satisfaction
B、skepticism
C、objectiveness
D、sympathy
答案
D
解析
态度题。文章中第一段的中心句“银行家们在公共场合将他们的麻烦归咎于自身,而私下里却把目标对准了别人:会计准则制定者”,第二段中“不幸的是,银行的游说活动看来已显成效。其中细节可能无法获知,但是准则制定者的独立性——资产市场正常运行的关键——已经削弱了”和最后一段中心句“成功的市场需要独立的、甚至好战的准则制定者”,表明作者对标准的制定者的态度是赞同的,同时面对银行家咄咄逼人的态势,以及标准制定者所面临的压力,作者又对他们表示同情,所以正确选项为D。
转载请注明原文地址:https://kaotiyun.com/show/q3bZ777K
0
考研英语一
相关试题推荐
Moreevidenceisinthatso-callede-cigarettesdoletsmokersstopsmoking.Suchcigarettes【C1】______totheuseranoralnicoti
【F1】GE,alargeAmericanconglomerate,isnowproposingtomakeultrasoundtransducersby"additive"manufacturing—orthree-dimen
Oftenreferredtoas"theheartofafactoringorganization,"thecreditdepartmentisresponsibleforgrantingcredittoclient
Asayoungbondtrader,Buttonwoodwasgiventwopiecesofadvice,tradingrulesofthumb,ifyouwill:thatbadeconomicnewsi
Islamiclawisaparticularlyinstructiveexampleof"sacredlaw".Islamiclawisaphenomenonsodifferentfromallotherforms
Islamiclawisaparticularlyinstructiveexampleof"sacredlaw".Islamiclawisaphenomenonsodifferentfromallotherforms
So-called"identitytheft"occurswhenapersonpretendstobesomeoneelse(saythatvictimisyou)andafinancialinstitutiono
Humanbeingshavetheuniqueabilitytoformulatepersonalgoalsforthemselves.Withoutthisformofpersonaldevelopment,the
Humanbeingshavetheuniqueabilitytoformulatepersonalgoalsforthemselves.Withoutthisformofpersonaldevelopment,the
Wemaintainthatingeneralafocusonpositiveinformationbenefitswell-being.However,thereareprobablyconditionswhenac
随机试题
影响骨骼、肌肉生长发育的最主要的激素是
治疗室性快速型心律失常首选药物是
关于地租与地价的关系,()表述是正确的。
设计一个7层砌体房屋,屋盖采用钢筋混凝土板,平面尺寸为44m×10m,建于炎热地区,7度设防,试选择最佳防裂措施:(Ⅰ)留伸缩缝(Ⅱ)在屋面设置保温层(Ⅲ)在屋面上设置隔热板(Ⅳ)在屋面板和墙体间设滑动层()项组合为正确。
位于市区的甲化妆品公司为增值税一般纳税人,2019年4月发生以下经济业务:(1)用生产成本为70000元的350盒A型高档化妆品换取原材料,约定按照A型高档化妆品当月销售平均不含税价格250元/盒进行结算,双方互开增值税专用发票。(2
某教师在一次阶段测验中,设计了如下试题考查学生。将标准状况下336LHCl气体溶解在1L水中,得到密度为1.17g/cm3的盐酸,求此盐酸的物质的量浓度。其中有42.6%的学生按下述思路解题。【解题过程】试根据上述解题过程回答下列问题:(1)该题
对于大范围雾霾来说,除了工厂污染,每辆汽车、每个采暖炉等也是污染源。对于社会公民,如果只指责政府治污不力,却自顾自继续排污,显然是不恰当的行为。雾霾面前,没有人能“自强不吸”,解决污染问题固然需要政府的力量,但也需要每个公民切实身体力行、有所担当。这段文
[A]Theculpritisclimatechange,causedbysociety’sburningoffossilfuels.Whenitcomestoglobalwarming,farmerswhoare
—Readthearticlebelowaboutreportwritingandthequestionsontheoppositepage.—Foreachquestion13-18,markoneletter
AWorldWithoutTimeorNumberThePirahaareanisolatedAmazoniantribeofhunter-gathererswholivedeepintheBrazilian
最新回复
(
0
)