IFRS 13 Driving Level 3 Coding Work

joel-brown-invesco

With the International Financial Reporting Standard (IFRS) 13 for fair value accounting in place since January 1, the next concern about “Level 3” unobservable quotes is the coding of this data, states Joel Brown, senior manager of pricing and corporate actions at Invesco.

IFRS 13 has clarified how to measure Level 3 quotes, Brown adds, but investment firms like his own are obligated to show what they’re doing to make sure these prices are accurate and appropriate, especially if they come from

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FCA declines to directly regulate market data prices

A year-long investigation by the UK regulator to determine whether competition is hindered in the wholesale data markets has concluded with its decision not to directly regulate much-maligned data pricing and licensing structures.

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