A decade ago the phrase “level-three assets” made bankers wince. The reason? Back then it referred to an accounting category of securities so fiendishly hard to value with mark-to-market metrics that bankers were in effect allowed to create their own valuations.
十年前，“第三级资产”这个短语让银行家们感到面部肌肉抽搐。因为当时这个短语指的是会计方面的一个证券类别，这些证券特别难用市价指标去估值，银行家们实际上被允许自由估值。
您已阅读6%（345字），剩余94%（5777字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。