Accounting for Bank Failure
Harvard Corporate Governance
MAY 1, 2023
Posted by Prasad Krishnamurthy (University of California, Berkeley) , on Monday, May 1, 2023 Editor's Note: Prasad Krishnamurthy is a Professor of Law at the U.C. Berkeley School of Law. Could better accounting rules have saved Silicon Valley Bank (SVB)? The answer is a resounding maybe. On the one hand, fair-value accounting for securities would have caused SVB to recognize its losses earlier and, perhaps, to have avoided those losses in the first place.
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