IOSCO and IVSC sign statement of cooperation
24 Oct 2022
The International Organization of Securities Commissions (IOSCO) and the International Valuation Standards Council (IVSC) agree to collaborate to explore international valuation approaches and the quality of financial information for investors.
The cooperation agreement follows feedback from securities regulators highlighting inconsistency in valuation quality and approach worldwide and aimes at developing a better understanding of the quality and consistency of valuations and the professional standards employed by valuers internationally with the objective of mitigating risks to the quality of financial information for the protection of investors and for the stability of the financial system. The statement of cooperation outlines steps both organisations will take to enhance their cooperation and build mutual understanding of the landscape surrounding the valuation profession and standard-setting process, including governance, due process and credentialing.
Please click to access a press release and the statement of cooperation on the IOSCO website.
