Industry divided over MTM accounting

WASHINGTON, DC - Senior bankers have expressed reservations at the proposed scrapping of mark-to-market (MTM) accounting rules in the US, as a congressional hearing held last Thursday revealed deep industry divisions over the rule.

The US congress' House Financial Services subcommittee that overlooks capital markets, held a hearing on March 12 to examine MTM accounting, which some market participants have accused of exacerbating financial market turbulence. The rules require banks to value

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Comparing apples and apples

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Dealers target hedging activity in the Philippines

MANILA – While authorities in the West increase derivatives regulation, the Bangko Sentral ng Pilipinas has liberalised rules governing both hedging and yield enhancement markets in the past few years. Despite the challenges of penetrating a market…

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