The International Valuation Standards Council’s
(ISVC) new expert group—comprised of 14 leading experts drawn from around the world—will advise the IVSC Boards on the valuation of financial assets and liabilities, assist in developing relevant standards and guidance, and examine the types of guidance needed to avoid some of the difficulties that have been highlighted by the financial crisis.
The members of the new Expert Group are: Mahdi Amri
, senior manager, Deloitte, Canada; Ana Castaneda
, general manager, InterMoney Valora Consulting S.A, Spain; James Chang,
partner, PricewaterhouseCoopers’ Financial Risk Management Advisory practice, New York; Tanguy Dehapiot,
head of valuation, market and liquidity risk, BNP Paribas; Christopher Dias,
principal, KPMG LLP, Financial Risk Management, New York; Bernard Dumas,
Swiss Finance Institute professor of finance, Université de Lausanne; Darryll Hendricks
, managing director and head of risk methodology for UBS Investment Bank, New York; Peter Jones
, Standard and Poor’s—global head of valuation scenario services, Fixed Income Risk Management Services, UK; Dr. Cindy Ma
, managing director, Houlihan Lokey, New York; Manish Saxena,
associate vice president, American Appraisal India Pvt. Ltd; Daniel Sommer,
partner, Advisory Financial Risk Management KPMG, Germany; Li Xiaoqiang
, division director, Chief Accountant’s Office, China Securities Regulatory Commission; and Qingji Yang,
principal, Financial Services Office, Ernst & Young, New York.
, principal of an independent consulting practice in the UK, will act as technical consultant to the group. In addition, a member of the International Accounting Standards Board will serve as an observer to the group. The first meeting of the group took place in London last month and it is scheduled to report to the Board by the end of the third quarter.