Global regulatory convergence is critical for the evolution of a sound, global financial system, and valuation is a vital component of this system, argues a policy paper from the International Valuation Standards Council.

Global Regulatory Convergence and the Valuation Profession, the first IVSC Policy Paper to be published, points out that valuation is a key element of much of the financial information that investors and other parties rely on to support decisions in the financial and property markets. “The public interest is best served where there is consistent compliance and implementation of high-quality, internationally accepted standards,” says the paper.

To read the full paper, click here.