The board and management ensure that the valuation of the investment portfolio is in accordance with international market standards on fair market value.
Guideline code
GG_08500
Mechanism
Mechanism
- The management should prescribe the use of the generally accepted accounting principles (GAAP) and the international financial reporting standards (IFRS) for the valuation of the institution’s investment assets.
- The investment unit should have a manual of procedures consistent with international best practice on the valuation methodology of investment assets and the management and disposal of illiquid assets.
- There should be a manual of procedure consistent with international best practice on the marking-to-market of the institution’s investment assets and the establishment of allowances for probable loss.
Structure
Structure
- There should be a unit external to the investment unit to ensure that the investment unit complies with international market standards in the valuation of the investment portfolio, and in the management and disposal of illiquid assets.
Title HTML
Guideline 65. Valuation of the investment portfolio
Type
Guideline_1
Weight
89