INTERNATIONAL: Fair Valuation Policies – Deloitte Research

Monday September 15 2008

Deloitte have published their seventh survey on the valuation practices and industry policies and procedures used by asset managers.

The findings include:

* Seventy-four percent of those surveyed indicated that they have made changes to their valuation policies and procedures.

* Sixty-three percent reported that FAS 157 has impacted their valuation policies and procedures.

* Thirty-seven percent have added internal controls over valuation as a result of the credit crisis.

* When obtaining broker quotes, more than 50 percent of participants seek more than one quote for fixed-income securities.

* Greater than 75 percent noted that they are asking pricing services and brokers specific questions designed to understand the inputs and processes behind daily prices provided to mutual funds.

For full details click on the above link.