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657.4 --- Financiële analyse --- Accounting fraud. --- Fair value --- Misleading financial statements. --- Accounting. --- Accounting fraud --- Misleading financial statements --- Fraudulent accounting --- Accounting --- Fraud --- Financial statements, Misleading --- Misrepresentations in financial statements --- Negligence in financial statements --- Financial statements --- Corrupt practices

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In light of the uncertainties about valuation highlighted by the 2007-2008 market turbulence, this paper provides an empirical examination of the potential procyclicality that fair value accounting (FVA) could introduce in bank balance sheets. The paper finds that, while weaknesses in the FVA methodology may introduce unintended procyclicality, it is still the preferred framework for financial institutions. It concludes that capital buffers, forward-looking provisioning, and more refined disclosures can mitigate the procyclicality of FVA. Going forward, the valuation approaches for accounting, prudential measures, and risk management need to be reconciled and will require adjustments on the part of all parties.

Commerce --- Business & Economics --- Accounting --- Business cycles. --- Fair value --- Accounting. --- Economic cycles --- Economic fluctuations --- Cycles --- Banks and Banking --- Finance: General --- Investments: General --- Macroeconomics --- Industries: Financial Services --- Financial Markets and the Macroeconomy --- Financial Institutions and Services: Government Policy and Regulation --- Public Administration --- Public Sector Accounting and Audits --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data) --- General Financial Markets: General (includes Measurement and Data) --- Pension Funds --- Non-bank Financial Institutions --- Financial Instruments --- Institutional Investors --- Financial reporting, financial statements --- Banking --- Economic growth --- Investment & securities --- Finance --- Financial statements --- Business cycles --- Securities --- Financial instruments --- Public financial management (PFM) --- Financial institutions --- Loans --- Finance, Public --- Banks and banking --- United States