Taiwan mandates CVA implementation for all listed banks
Banks will have to account for CVA, but are not expected to price it into OTC deals
Taiwan's authorities have mandated all listed banks to report credit valuation adjustment (CVA) and debit value adjustment (DVA) when measuring the fair value of over-the-counter derivatives.
The Taiwan Stock Exchange and Financial Supervisory Commission asked public banks to upgrade their accounting practices from international financial reporting standard IFRS 10 to IFRS 13 from January 1. The
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