Monday, Aug 20, 2007
Errm, guys - this isn't a game. You HAVE to provide a market valuation
CreditFlux: Thai Banks refuse to mark-to-market CDO holdings?
The Bangkok Post today reports that Thai local banks are refusing to mark CDOs to market. The newspaper says the banks insist this is not necessary for accounting purposes, despite a directive earlier in the week from the Securities and Exchange Commission for local auditors to monitor whether CDO investments had been properly marked to market in their balance sheets.
Posted by lvmreader @ 02:23 PM (170 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.