Fair's fair?
Fair value accounting has received much criticism during the financial crisis of the past 20 months. While it is unlikely to be suspended, its execution in inactive markets remains the subject of much debate. Could independent valuation providers offer a solution? Wietske Blees reports
It is not often that an accounting issue stirs up the type of heated discussions such as the practice of marking positions to market has managed in the past nine months. Mark to market accounting, also known as fair value accounting, is accused not just of being impractical in times of market illiquidity, but also of exacerbating the current financial crisis by forcing institutions to make
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