Prudence is emerging as a key principle in bank regulation with regulators indicating it should be a cornerstone for establishing the value of real estate held as loan collateral. What the concept means in the context of valuation is far from clear.
https://t.co/pnZ2uTGS04
Chris Thorne's paper in Journal of Property Investment and Finance last year “Valuation uncertainty – when and why this is important” voted the outstanding paper in 2022 Emerald Literati Awards. Paper abridged from Chris's book “Valuation Uncertainty https://t.co/TnTahYzBch
Valuology has been considering #RICS “Call for Views” on potential revisions to the UK Red Book Supplement. We have put some comments and ideas out for debate. Whether you agree or disagree with us RICS needs to hear from you before 20 May https://t.co/0skJ13dyB8
In the latest edition of our Valuers Briefing on Restricted Market Periods Chris Thorne examines the legal risks for lenders and valuers in this process and suggest some practical ways of mitigating these
https://t.co/feBy9AVZix
RICS withdraws its global COVID-19 valuation practice alert as of 3 March. The impact of the pandemic on different markets and sectors has become clearer over time, and the case for valuations being tagged as materially uncertain diminished as post pandemic evidence has emerged
Delighted that Valuology director, Chris Thorne, has been appointed to new RICS “Global Valuation Standards Expert Advisory Group”. This and other news in latest newsletter https://t.co/fKvxx0ioYp
To help investors understand #valuations appearing in a company's financial statements it is important that these are adequately explained. See our comments and concerns on IASB's consultation on revising the disclosure requirements in #IFRS13 https://t.co/ZrxG2qRWiU
The latest #RICS Red Book was released recently. In our review we consider what this means in practice for RICS Valuers and some further improvements that we think are needed https://t.co/g72gkFNzkx
The UK Government is currently considering whether the problem caused by the unlimited liability imposed on external valuers by the Alternative Investment Fund Mangers Directive needs to be revisited in the UK version. This article explains the position https://t.co/6v8eNaMWpT
European Commission has published its proposal to amend the AIFM directive. Despite concerns that an external valuer cannot contract to limit their liability under the current directive, no amendment to this is proposed. https://t.co/0eaJTmIzC3
How to value #realestate held by a public authority for delivery of a public service is one of the more problematic questions arising in public sector accounting. See our comments on IPSAS Board's proposed new standards for measuring public sector assets https://t.co/1ELhCQh3PP
Valuology provides a useful summary and review of the changes introduced into the latest edition of the International Valuation Standards issued in August https://t.co/9lJV6W8Etd
In our response to proposals for changes to the International Valuation Standards we express concerns at the potentially adverse effect many of the proposals will have for valuers. Read our response here https://t.co/wInxKABSwd
IVSC “Perspectives Paper” identifies matters which some consider to be challenges to the long established concept of Market Value. Chris Thorne with Professors Neil Crosby and Nick French issue a robust response https://t.co/luGa7q3Fn1
Current #IVSC Exposure Draft revised IVS500, Financial Instruments, highlights interesting questions as to the appropriate format and content of the IVS generally. Even if you do not #value FIs worth looking at the draft. Valuology comments available here https://t.co/e5bSsh1eLS
Essential Guide to Valuations and Climate Change published by A4S. This first-of-its-kind guidance was developed in partnership with CPA Canada, CFOs, global institutional investors and industry experts. CBV Institute also on project team https://t.co/zl12GzmzLl
The Path to Global Valuation Standards - paper summarising findings from jurisdiction profiles and examining challenges faced by IVSC in developing standards for global application https://t.co/45jqEvfqMJ
Profiles for over 100 jurisdictions showing extent of #valuation regulation and use of international valuation standards available from Valuology website https://t.co/BI3XA6OEV5
Our response to the #IVSC 2020 agenda consultation is published. In it we recommend the IVSC stop issuing prescriptive technical details and focus the IVS on a clear set of concise and widely applicable principles to increase recognition and use https://t.co/AP5YzDgEhb
Valuation expected to be a major battleground under recently enacted UK Corporate Insolvency and Governance Act 2020. And with the Restructuring Directive to be implemented by July '21 expect similar in EU https://t.co/zXz61EQUmB