mark-to-market rule set to lose a few teeth, page-4

Good question Aras

I know what you all probably know;

. . . that changing these rules will reduce the amount of extra capital effected banks have to raise - therefore cheaper and easier-to-get money to lend to the likes of CER.

. . . and CER would not have had the $1b loss on derivs - I looked through that, but looking at the sp - not sure the market did. (However I do not think it was so bad to have that m2m fact slap you in the face).