haku: @all fair value / yhteensä: 87
viite: 7 / 87
| Tekijä: | Barth, M.E. Landsman, W.R. |
| Otsikko: | How did financial reporting contribute to the financial crisis? |
| Lehti: | European Accounting Review
2010 : VOL.19:3, p. 399-423 |
| Asiasana: | accounting standards financial models financial crises financial reporting banks |
| Vapaa asiasana: | fair values asset securitizations derivatives loan loss provisioning |
| Kieli: | eng |
| Tiivistelmä: | The paper focuses on discussion and analysis on the role financial reporting for fair values, asset securitizations, derivatives and loan loss provisioning played in the Financial Crisis (hereafter as: F.C.). Based on the effects of financial reporting by banks, The author summarizes the following: a) The fair value accounting played little or no role in the F.C., b) The securitizations in the IASB's Exposure Draft that would require banks to recognize whatever assets and liabilities they have after the securitization is executed better reflects the underlying economics of the securitization transaction, c) Disclosure of more disaggregated information, disclosure of the sensitivity of derivatives' fair values to changes in market risk variables, and implementing a risk-equivalence approach to enable investors to understand better the leverage inherent in derivatives. d) How loan loss provisioning may have contributed to the F.C. through its effects on procyclicality and on the effectiveness of market discipline. |
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