"This excellent and very timely book might reasonably have been entitled How I Learned to have an Adult Relationship with Financial Markets . I heartily commend this valuable contribution to present global debates on regulation of banks and others. It should be on the bookshelves of regulators and accounting standard–setters as well as of general managers and non–executive directors of banks, insurers, and asset managers. It will be a valuable tool in support of the education of the actuaries, accountants, risk managers and asset managers of the future. It is very up to date and should stand the test of time in future. A very welcome addition to the literature." — Seamus Creedon, Consultant, KPMG LLP "In a period in which there is considerable confusion about ‘what the market has to say’ this work is a timely, comprehensive, up–to–date and lucid treatment of all the concepts and techniques needed for marking assets and liabilities to market across all financial...

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