Press release - New York / Vancouver – 30 Sep 2008
Independent derivative valuation current practices, trends, challenges, and recommendations
The Professional Risk Managers’ International Association (PRMIA) and OTC Valuations Ltd (OTC Val) today released the results of a global Derivative Valuations survey titled “Transparency and Independence of Derivative Valuations – Current Practices, Trends, Challenges, and Recommendations". Respondents came from 77 countries and included numerous specialties including risk practitioners, regulators responsible for derivative valuation practices, consultants and/or vendors working in derivatives solutions, and PRMIA members in other related professional roles.
The survey results confirm the emergence and importance of independent derivative valuations as a benchmark practice for achieving price verification and transparency. Bob Sangha, managing director at OTC Val says, "We are seeing a fundamental shift in the markets where organizations cognizant of the risks posed by mispricing are taking the necessary steps to gain an independent view of their ... more »
The Professional Risk Managers’ International Association (PRMIA) and OTC Valuations Ltd (OTC Val) today released the results of a global Derivative Valuations survey titled “Transparency and Independence of Derivative Valuations – Current Practices, Trends, Challenges, and Recommendations". Respondents came from 77 countries and included numerous specialties including risk practitioners, regulators responsible for derivative valuation practices, consultants and/or vendors working in derivatives solutions, and PRMIA members in other related professional roles.
The survey results confirm the emergence and importance of independent derivative valuations as a benchmark practice for achieving price verification and transparency. Bob Sangha, managing director at OTC Val says, "We are seeing a fundamental shift in the markets where organizations cognizant of the risks posed by mispricing are taking the necessary steps to gain an independent view of their ... more »
