The IVSC  issued the above paper in January 2021 which sets out a number of perceived challenges to the use and relevance of Market Value.  Comments are invited, although there is no formal deadline.

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We found the paper to be a mix of misconceptions about the use or correct application of market value and how it differed from price, Investment Value as defined by the IVSC and Prudential Value as defined in the Basel III standards for the calculation of regulated banks' capital adequacy.

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Chris Thorne joined with Prof Nick French and Prof Neil Crosby to make joint comments on the paper.