December 2017
Intermediate to advanced
376 pages
9h 53m
English
When a bank's risk management system (RMS) revalues a portfolio of trades, the valuations produced by the RMS may be inconsistent with the fair values required by IFRS and U.S. GAAP. To ensure the valuations are aligned to fair value, product control or valuation control (from here on valuation control) will validate the prices used to revalue the portfolio and if necessary construct the necessary valuation adjustments. In Part Four of the book we will look at the work valuation control perform to align the desk's portfolio to fair value.
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