The theory here is that the private market will favor assets in the NAC over assets hidden on the books of non-participating banks, and assets in the NAC with the most relevant information provided will be favored over opaque assets; furthermore, assets where the pricing information is available will be favored over assets with no asking price or auction mechanism.
Fundamentally Deutsche Bank stands on fairly solid footing, but with high leverage and a balance sheet full of opaque Level 3 assets, the perception of panic could become the greatest enemy.
Bank balance sheets are notoriously opaque and susceptible to asset substitution (easy swapping of high risk for low risk assets), so stress tests, tailored to the situation at hand, can provide clarity by openly disclosing details of the results and approaches taken, allowing trust to be regained.
This year, we're going to see data go from an opaque, untapped, and mystifying asset to a hyper competitive, I-can't-believe-you-don't-use-it weapon for businesses.
An Irish court has set Friday as the deadline for him to provide information on what the government contends is his byzantine collection of offshore assets and opaque owners.
If a bank cannot persuade investors to buy its shares at any price because its assets are too opaque, unsteady or overvalued, it fails a basic "stress test," suggesting it may be too weak without subsidies.
Its widely trumpeted "success" is built on turning a blind eye to quasi-criminality in investment banking and to systemic fleecing of ignorant customers in the asset management industry through an opaque and self-serving fee structure.
What makes art experts nervous is that these funds bear some similarities to asset-backed securities and derivatives, opaque investments that got a bad name in the financial crisis.
Witness the proliferation of opaque outfits called state corporations, which manage public assets but retain profits for their own benefit and submit to little public scrutiny.
Like the lending in subprime debt in the United States that helped set off the 2008 financial crisis, the products are often opaque and usually depend on high-risk underlying assets like the Taihe housing project.
