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August 9, 2019

IVSC consults on financial instruments agenda

The recently appointed Financial Instruments Standards Board (FISB) has published an Agenda Consultation, seeking feedback regarding the approach the FISB should take, and the prioritisation of that work.

The valuation of financial instruments has been an important and often controversial topic among valuation professionals, investors, prudential and securities regulators and the wider financial services industry over recent years. Financial instruments valuation practice has continued to evolve and develop, primarily at banks and other financial institutions and in the auditing profession.

It is clear, however, that there is no effective set of international valuation practice standards for financial instruments that has been generally adopted. This has resulted in both inconsistent and sometimes low-quality valuation practices and, in recent years, concerns have been expressed by financial regulators and others about the quality and consistency of financial instrument valuation practice. The International Valuation Standards Council (IVSC) is looking to address the gap in effective valuation practice standards for financial instruments, and has created the Financial Instruments Standards Board.

The IVSC is seeking stakeholder feedback regarding the approach the newly established Financial Instruments Board should take, and the prioritisation of that work. The consultation process for this IVS Financial Instruments Agenda consultation runs to 19 September 2019.

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