Industry tackles valuation anxieties

The financial crisis and the resulting loss of liquidity in many markets has made it much harder to ascertain the fair value of certain illiquid instruments, according to John McCann, managing director at Trinity Fund Administrators.

He points to exotic derivatives traded in the over-the-counter markets to illustrate his point. "With some of these derivatives the only market you have in terms of price is between the banks themselves. When that market dries up and there is limited or no volume

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here