银行业公允价值会计核算外文翻译-会计审计(编辑修改稿)

银行业公允价值会计核算外文翻译-会计审计(编辑修改稿)内容摘要：

present the basis for the use of FVA principles. Therefore, there is the possibility that the introduction of FVA for the banking book might in principle create incentives for banks to alter their core business. This would be the case if banks decided to reduce their exposure to increased volatility of ine (stemming from the accounting recognition of interest rate risk in the banking book) by shortening the average maturity of loans. Other ways to achieve the same goal would be the recourse to hedging techniques and the increased use of variable interest rates. The decision to reduce the average maturity of loans would depend also on other factors, including the nature of customer demand and the specific cost structure of individual banks. Second, the issue of feasibility. There are serious doubts that an adequate fair value can be determined for bank loans, which are nonnegotiable instruments precisely because they embody elements that cannot be easily quantified in a standardised manner. First, there are, by definition, no secondary markets for these instruments. This is particularly true where credit risk markets do not appear to be sufficiently deep and liquid for the purpose concerned. Second, some relevant information for the determination of the fair value of loans (. that stemming from the bilateral relationship between the borrower and the lender) would never be priced in a market. Third, the estimation techniques currently available (including the one proposed in the Draft Standard) suffer from methodological problems (. modelling of noninterest ine, appropriate discount rate, etc.), which increase the risks of error. Accordingly, they do not represent an effective benchmark for obtaining reliable fair values for loans. Therefore, the application of FVA to bank loans would give rise to many uncertainties hindering and working against the transparency and parability of financial 3 statements. It is acknowledged, however, that the current and future developments in banks’ credit risk management systems – recognised also in the new capital adequacy regime proposed by the Basel Committee on Banking Supervision – may provide accounting standardsetters with useful elements to refine their methodologies, in particular regarding the measurement of credit risk. Doubts are also raised with regard to the application of FVA to the liability side of banks. For instance, the suggested methodology (the socalled “own credit risk”) to determine the fair value of debt instruments issued by banks en。