Banks and others have complained that this rule distorts the price of assets for which there is currently no market, or which the banks intend to hold to maturity (meaning the current price is largely irrelevant). It’s a clever argument.
April 6th, 2009 | Dan Denning | 19 comments | Continued
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| All Ordinaries | 4318.900 | ||
| S&p/asx 200 | 4242.800 | ||
| China Shanghai Co | 2344.771 | ||
| Gold Sep 11 | 0.00 | ||
| Clj11.nym | 0.00 | ||
| Nikkei 225 | 9052.07 | ||
| Indu | 0.00 | ||
| S&P 500 | 1351.77 | ||
| Ftse 100 | 5894.77 |
