The new revisions, the first since 2005, go into effect in January 2011. Investment managers aiming to stay in compliance with GIPS have until then to get up to speed with the new requirements.
Major components of the revised standards include fair-value requirements - mandating firms use fair-value methodologies to price assets when no market value data is available (the CFA Institute has developed a valuation hierarchy for members to use). In addition, members will have to disclose the standar
James and Anthony talk about the looming Sibos event in Toronto and take a look at some recent M&A activity and blockchain developments in the capital markets.Subscribe to Weekly Wrap emails