Business leaders wrote in their report that asset smoothing "cannot possibly justify false reporting" of the state's pension shortfall.
The technique, called "asset smoothing," can have a large impact after a year like 2009, when the five state pension funds as a group lost 20 percent.
The issue caused a rift last year on the state's Pension Modernization Task Force, prompting a group led by the Civic Committee to issue a dissenting report, in part because of concerns that asset smoothing was enabling the state to provide misleading estimates of Illinois's unfunded pension liabilities.
But over the past few decades we have also learned that poor households need access to the full range of financial services to generate income, build assets, smooth consumption, and manage risks -- financial services that a more limited microcredit model cannot provide.
For instance, firms are allowed to "smooth" out movements in asset prices, so that their profits are not excessively volatile.
The second will let schemes "smooth" their calculations of assets and liabilities during valuations in 2013.
The thinking is apparently that Didi's IPO, which is said to be in the planning stages, would run smoother without these asset-heavy businesses involved.
Asset-smoothing, which enables pension plans to spread losses or gains over a number of years, will be abolished.
One of golf's best putters, Roberts hoped his smooth stroke would be an asset this week.
BBVA and Canada's Scotiabank might float their own Mexican operations before too long, suspects Bill Rudman of Blackfriars Asset Management.Mexican banks' smooth negotiation of the financial crisis owes much to a favourable economic environment and to conservatism in their own lending.
