The Financial Instruments Valuation Standards Board brings together valuation leaders from across the financial world to develop common protocols which will underpin valuation in this burgeoning and international asset class.
The Financial Instruments Valuation Standards Boardincludes representatives of international banks, prudential regulators, valuation and accounting firms.
Valuing assets as multifaceted as financial instruments presents numerous challenges, not least of which the plethora of methods and assumptions which are routinely applied depending on the context. As the market for financial instruments grows in the diversity of tradable products and the complexity of their structures, so the valuations placed on these assets increasingly feature at the centre of debate. In the absence of internationally agreed standards for valuing financial instruments, prudential regulators including the US Securities and Exchange Commission have raised concerns.
The Board will begin work to develop international standards in early 2019. As their work progresses, updates will be published on IVSC’s website, including details of public consultations. The Board will also work closely with the IVSC’s Tangible Assets Standards Board and Business Valuation Standards Board on issues which cut across all asset classes, in an effort to enhance the entire global valuation profession.
Full press release
© IVSC - The International Valuation Standards Council
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