Now, we are studying the possibility that future deterioration in asset quality can be foreseen to some extent by changes in the average rating, or the distribution of ratings, in a bank’s pass assets. We are also spending considerable effort in tracking and understanding the developments in risk modelling, including the modelling of credit risk.
They are among the myriad balance-sheet valuation adjustments that endeavor to address the ongoing impact of market valuation changes on all assets and liabilities. BIS Review 29/2002  3  Critics of expensing also argue that the availability of options enables corporations to attract moreproductive employees. I am sure that is true. But option expensing in no way precludes the issuance of options.