accounting rather than financial modeling. We further argue that if accounting is to fulfill this core function, the current … practice of basing accounting on fair values must be adapted such that accounting is based on the risk exposures inherent in … management information that is attached to transactions upon their registration in accounting systems. The incremental risk …

the main challenges for regulators in terms of bank risk measurement. The study shows that substantial challenges for … discussion concerning proper risk measurement in regulatory frameworks, such as the Basel Accord or the European Banking …