Propose Regulatory Prudent Valuation Return

14 Feb 2012

Source: Financial Services Authority (FSA)     

Deadline: 14 February 2012

This consultation paper discussed the fair values in firms’ annual reports that apparently do not provide substantial information on the degree of uncertainty in the valuations of financial instruments, such as derivatives. Consequently, starting with December 2010, relevant firms have been asked to produce quarterly reports that show these differences. These have been produced in a free format. However, to aid comparability between firms and over time, a consistent format for the return is required.

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