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Regulators Start Work On New Bank Asset Valuation Rule

Global regulators are planning the world's first common rule within three years to value hard-to-price assets held by banks after unexpected revisions have unsettled investors,... More Global regulators are planning the world's first common rule within three years to value hard-to-price assets held by banks after unexpected revisions have unsettled investors, the man overseeing the plan told Reuters. The initiative may face resistance from a banking sector worried that assets will be more conservatively priced, hitting bonuses and bumping up capital requirements. "Regulators don't have a benchmark for valuations at banks," said David Tweedie, chairman of the International Valuation Standards Council (IVSC), an independent, not-for-profit, private sector body which develops valuation standards. Less

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