Re: Re: Spanish Losses



A loss is not a loss until it crystalises. For prudance & accounting standards the value of the these assets which the Bank are carrying should be qualified by the Auditors in some form or another.
Where these properties or land appreciates a revaultion account is used to reflect the current state.

If this account exist on the Banks balance sheet this should be adjusted to refect a current & fair value. I doubt very much if this is being done.