The SEC (Securities & Exchange Commission) along with the OCC (Office of the Comptroller of the Currency) have just released their report on the valuation of financial products (Fair Value).

The subject is what I discussed in « Juste prix » et « juste valeur » and in L’implosion. La finance contre l’économie: ce que révèle et annonce la “crise des subprimes” (Fayard 2008: 188-202). The issue is the following: firms have requested that Marked-To-Market accounting is suspended for the time being as they regard current circumstances as exceptional and prices “unrealistically” depressed, too far removed in any case from their “true value”.

The report is bulky (255 pages) but its subject being pricing – my special expertise as a financial engineer – I will analyze it in depth and post a brief summary of my observations as a forthcoming blog. Should the full analysis be of interest to you as a financial establishment or a consultancy, please let me know (pauljorion@ucla.edu).