Source: Risk magazine | 05 Mar 2010
Categories: Accounting
Topics: Expected loss (EL), Fair value accounting, Financial Accounting Standards Board (FASB), Loan loss reserves, Mark-to-market accounting, Off balance sheet, Special purpose entities (SPE)
Accountants didn’t give loans to shaky borrowers during the credit boom, nor did they securitise those assets and pick up six-figure bonuses as a result,...
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