Question
The haircut applied to liquid AFS assets in the sale scenario is designed to be more transparent to the public conservatively price in adverse execution
| The haircut applied to liquid AFS assets in the sale scenario is designed to |
be more transparent to the public
conservatively price in adverse execution in an illiquid market
decrease the bank's tax burden by lowering the stated value of securities held on balance sheet
deceive the competition
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Financial Accounting
Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, Maureen Sterling
7th Canadian Edition
1260065952, 978-1260065954
