Widespread finger-pointing in the fallout from the 2008-2009 financial crisis is only exacerbated by the continuing legal battles between the big banks and SEC. Fair value accounting (FVA) is often cast as the culprit for ...
Economics & Business
Jun 30, 2014
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By some measures the over-the-counter derivatives business is the largest business in the world with over $600 trillion in transactions outstanding. This business plays a significant role in the profitability of global banking ...
Economics & Business
Jun 5, 2013
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As the United States continues its struggle to emerge from the worst economic crisis since the Great Depression, a practice known as fair-value accounting has been taking heat. Critics—mostly banking associations—say ...
Economics & Business
Jan 31, 2012
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