Weber defends mark to market
Axel Weber, the president of the Deutsche Bundesbank, says it is crucial to stick to fair value accounting, especially under adverse market conditions.
A move away from established accounting rules would have an unsettling impact and would not help to win the needed trust among market participants, Weber argued in a speech on 25 April.
Approved alternative valuation methods should be applied in such cases where dried-up markets do not allow mark to market prising, he added.
To read the speech in
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