Accounting - Market-consistent future mapped out
Establishing a transparent and consistent framework for valuing insurance liabilities comes a step closer with the publication of papers by the Chief Risk Officer (CRO) and Chief Financial Officer (CFO) Forums - although parity with IFRS remains a problem according to industry figures.
The two bodies, which look at solvency and accounting regulation, respectively, for the European insurance industry and the CFO Forum, published a paper, titled, Market values of liabilities (MVL) for insurance
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