Corporate treasurers across the globe have long moaned about the complexities of mark-to-market accounting standards and hedge effectiveness tests. Treasurers maintain that these regulations are unnecessarily complex, costly and time-consuming. It is therefore unusual to see anyone implement them voluntarily - and even more surprising when that someone is a sovereign.
Nonetheless, Agence France Trésor (AFT), France's treasury and debt management department, began reporting under French financial
The week on Risk.net, December 9–15 2017Receive this by email