Fair Value to the Fore

Alternatives to securities pricing needed as Athens stock market remains closed

Jason Lambert, director of product management, Markit

In late June, Greece closed the Athens Stock Market for two weeks, while the government hammered out a bailout deal with its creditors.

But US regulation doesn't cease to apply even in these extraordinary circumstances, and the closure of the exchange "highlights the need for fair valuation of securities that trade in Athens," said a newsletter released by data vendor Markit to its fair value clients during the closure.

Under US Securities and Exchange Commission rules, certain US-based investor

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