-
Summary
New International Valuation Standards are expected to become effective from 2024. Join us as we discuss the newly proposed standards and their potential impact on financial markets with the IVSC (International Valuation Standards Council).
Ensuring relevant and reliable valuation of financial instruments has long been an area of significant focus for investors, regulators and others. Financial instruments require a valuation approach which is internationally consistent and carried out to a high standard. S&P Global’s Pricing and Valuation services have long recognised the need for global best practice standards in our aim to increase pricing transparency and provide market participants with the tools to stay ahead with compliance.
The IVSC is responsible for setting the International Valuation Standards (IVS) which establish clear, internationally agreed standards for the valuation of all assets and liabilities, including financial instruments (IVS 500). Those working with financial instruments should prepare for substantial updates to the IVS 500 standards, which are due for publication in January 2024. These revisions will notably increase the standards' pertinence to all stakeholders in this asset class.
While the IVSC continues its three-month consultation on the standards, this webinar seeks to provide insights and help you anticipate and comply with future requirements.
This webinar will explore
- The proposed changes to the International Valuation Standards and IVS 500: Financial Instruments.
- The four main pillars of IVS 500 Financial Instruments, including governance, data and inputs, methods and models and quality control.
- The potential impact of the new standards on how values are estimated.
- How have the standards been developed and who has been involved.
- Next steps - top takeaways and key dates to remember.
- FAQs in Fireside chat with Doug Summa, FIB Vice Chair, IVSC. This session will cover IVSs, governance in smaller organisations, vendor challenges, documentation for models, qualitative valuation adjustments and much more.
- Q&A
Speakers
Doug Summa
IVSC
Vice Chair, Financial Instruments Board
Doug Summa is a former PwC Partner with over thirty-five years of experience advising clients on a spectrum of risk management and capital measurement issues related to trading activites. Mr. Summa has assisted numerous global financial institutions with the development of risk management frameworks and in the successful implementation and execution of a best-practices approach to management and measurement of market, credit and operational risk
Doug Summa is a former PwC Partner with over thirty-five years of experience advising clients on a spectrum of risk management and capital measurement issues related to trading activites. Mr. Summa has assisted numerous global financial institutions with the development of risk management frameworks and in the successful implementation and execution of a best-practices approach to management and measurement of market, credit and operational risk. He has extensive knowledge of the capital markets, cash and derivative products and related trading strategies. Mr. Summa’s clients have included a broad range of financial services companies including global and regional banks, insurance companies, mutual and hedge funds. He has advised clients on risk measurement and management techniques for market and credit risk, limit setting, valuation, risk and capital models, capital attribution and performance evaluation. He received his MBA and BA from Columbia University and is a board member of the International Association of Quantitative Finance.
Alexander Aronsohn
IVSC
Director of Technical Standards
Alexander Aronsohn FRICS is a chartered surveyor with long and wide ranging experience encompassing residential asset management, commercial and residential development, rating, national and international valuation and investment. He has worked as a property professional for over twenty years in a number of different specialisms, including at DTZ where he became an associate director in both their international valuation and international investment teams, focussing on cross border portfolio valuation and investment.
Alexander Aronsohn FRICS is a chartered surveyor with long and wide ranging experience encompassing residential asset management, commercial and residential development, rating, national and international valuation and investment. He has worked as a property professional for over twenty years in a number of different specialisms, including at DTZ where he became an associate director in both their international valuation and international investment teams, focussing on cross border portfolio valuation and investment. He has also run his own consultancy firm which provided international valuation and investment advice to a number of high profile clients and surveying firms.
Alexander joined the IVSC as Director of Technical Standards (Tangible Assets) in 2019. Prior to this he was Director of Technical Standards at the Royal Institution of Chartered Surveyors (RICS), where he also sat on various valuation boards and working groups.
S&P Global Market Intelligence
Mila Kuznetsov
Executive Director, Portfolio Valuations
Mila Kuznetsov is an Executive Director leading the Americas Derivatives Business Development team at S&P Global within Market Intelligence. In her role, she is responsible for Americas derivatives commercial and product strategy across the sell side, buy side, auditors/regulators, and asset servicers. Prior to joining S&P Global, Mila held multiple leadership roles at key financial services organizations such as Sculptor Capital Management where she was the Global Head of Valuations, Citi as a V.P focused on Equity Derivative Valuations, and at Ernst & Young within financial services for clients in Risk Advisory and Derivative Valuations. In her previous roles, she has implemented new pricing and valuation policies and procedures across multi-asset portfolios (equities, fixed income, derivatives, private assets), led valuation automation projects, and reviewed key valuation questions with internal stakeholders (Valuation Committees) and external stakeholders (auditors, regulators, investors). Mila graduated from Binghamton University’s School of Management with a Bachelor of Science in Management, Concentration in Finance, and a Minor in Russian and East European Studies.
Event Support