"The commercial result is irreconcilable with certain fundamental principles relating to regulatory capital netting and fair value accounting."--Gary Walker, partner atField Fisher Waterhouse in London, commenting on the impact of an Enron Australia/TXU Electricity court case in Australia and the Financial Services Authority's decision to look into the matter.
"The commercial result is irreconcilable with certain fundamental principles relating to regulatory capital netting and fair value accounting."
