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Improvements needed in EU supervision of asset valuation, ESMA says

( May 24, 2023, 17:00 GMT | Official Statement) -- MLex Summary: Improvements are needed in the supervision of asset valuation, the European Securities and Markets Authority has said in a report. ESMA found room for improvement in the appropriateness of valuation policies and procedures, and of valuation under stressed market conditions. The authority also room for improvement in the independence of the valuation function and use of third-party valuers, and in early detection mechanisms for valuation errors and compensation to investors.Statement follows. Report attached. ...

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