Illiquid assets pricing still needs expert judgement, say banks
EU regulators want more transparency in valuations, but some asset prices remain elusive
As regulators in the European Union prepare to release new technical standards on the issue, valuation experts argue that non-quantitative methods are a valid way for banks to price hard-to-observe assets, as long as there is adequate internal challenge.
Jessica Tang, JP Morgan’s global head of prudent valuation and European head of credit valuation control, said her biggest data observability
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