Roper says mark-to-market accounting makes it possible for investors to trust what companies report about themselves.
In an odd twist, the current regulation doesn't require mark-to-market accounting in every situation.
With the market value plummeting, he argued, mark-to-market accounting turned AIG's balance sheet into a nightmare.
Under mark to market accounting rules these losses will have to be taken immediately.
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It's now, in fact, under a degree of attack because of the complaints about mark-to-market accounting.
They blame a bookkeeping rule known as mark-to-market accounting a rule that regulators may soon change.
Rigid mark-to-market accounting is similar to a highway that has a speed limit and a speed minimum.
Paulson recognized that under the universal mark-to-market accounting rules, banks and other mortgage providers could not make any new mortgages.
That plus market-to-market accounting, no short uptick rule, and no ban on naked short-selling, led to the avalanche.
Mark-to-market accounting should be prohibited just as it was from 1938 to 2007.
They don't like mark-to-market accounting, which has forced billions of dollars in write-downs.
They do not have the safety-valve of banking books, where souring assets can escape the rigours of mark-to-market accounting.
In March 2009 the House of Representatives made clear its displeasure with the mark-to-market accounting rule, which was substantially modified.
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The Financial Accounting Standards board labored mightily to modify one of the most destructive principles of modern times: mark-to-market accounting.
More controversially, the government plans to suspend mark-to-market accounting rules, which force banks to value their holdings at market prices.
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Consequently, balance sheets under mark to market accounting suddenly started to show insolvency, or near insolvency, for more and more institutions.
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Moore says that strict mark-to-market accounting tends to make balance sheets look overly rosy in good times, when the market overvalues things.
Some say a solution is to suspend the mark-to-market accounting rules that have caused the cascade of write-downs in the first place.
They proposed mark to market accounting, not only for bank holdings of securities, but of loans as well indeed, the whole balance sheet.
Cox has the authority to override the Financial Accounting Standards Board's insane insistence on mark-to-market accounting rules, but he has done nothing.
Not counting a mark to market accounting change, the company earned 65 cents per share, down from 71 cents a year ago.
Finally, FASB made market-to-market accounting a regulatory capital requirement in November 2007.
Congressional pressure eventually caused FASB (the Financial Accounting Standards Board) to relax slightly their rules on mark to market accounting as applied to banks.
There was widespread discussion of the suspension of mark to market accounting in 2008 and 2009, but it seems to have been forgotten since then.
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It's no coincidence that when mark-to-market accounting was modified this spring the equity markets, led by financial companies, took off like rockets from their lows.
In 2008 and 2009 I probably wrote more than anything else about needlessly destroying bank capital with a strict application of mark to market accounting.
If you think the new accounting rules for mark-to-market accounting caused havoc on bank balance sheets and accelerated the crisis, then this would have been far worse.
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Despite the implementation of mark-to-market accounting rules, LPs are understandably skeptical of interim valuations, which they believe leave GPs a fair amount of room for subjective judgment.
So it's a safe bet that the era of American dominance will not be brought to a close by credit default swaps, mark-to-market accounting or (even) Barney Frank.
The Treasury bought preferred stock in over 700 banks to give them an additional capital cushion, while mortgage backed securities and mark to market accounting were wiping bank capital out.
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