Until now, no effective set of international valuation practice standards for financial instruments has been generally adopted, according to the International Valuation Standards Council (IVSC).The organization’s recently appointed Financial Instruments Standards Board has published an Agenda Consultation,
seeking feedback regarding the approach the board should take and how it should prioritize its work. Comments are due September 26. All comments will be published on the IVSC website. The Financial Instruments Standards Board brings together valuation leaders from across the financial world to develop common procedures that will support valuation in this growing and international asset class. The board includes representatives of international banks, prudential regulators, and valuation and accounting firms, and it has begun work to develop international standards in this area of practice.
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