Valuations Could Rise to C-Level Oversight
US regulators' next move will be to require instituting chief valuation officer role
The next likely development in regulation of securities valuations is a requirement that firms designate a "chief valuation officer," according to Jay Baris, a partner at Morrison Foerster, the San Francisco-based international law firm, who spoke at the Global Fund Valuation Forum sponsored by Thomson Reuters in New York on June 1.
The CVO role will occur first in the US, under the authority of the Securities and Exchange Commission (SEC), Baris added. Instituting a CVO role will follow prior
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