Market Consistency and WMC [9]

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Bullet points include: Valuations come in many forms. Extent to which they need to be “market consistent” varies according purpose. Different parts of the financial sector may weight the balance differently. market consistency less useful. Not clear-cut. market consistency more useful. Investment analysis. Some valuations for tax purposes, which may focus more on cost or realised gain. Valuations for regulatory capital computations. Embedded values. Pricing. Unit pricing of mutual funds and equivalents.

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