Credit derivatives professionals slam IAS
Financial market participants have slammed International Accounting Standard 39 (IAS 39) for financial hedge instruments, according to a British Bankers' Association (BBA) credit derivatives survey.
In the survey, conducted every two years, 47% of respondents thought IAS 39 would have a negative impact on the synthetic market, compared with 37% who were neutral and only 16% that were positive. IAS’s impact on the vanilla
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