Press Release: European Co-operative banks take note with reservations about the choice of regulators with regard to the prudent valuation rules in th

The European Association of Co-operative Banks (EACB) has issued last Friday its response to the EBA’s consultation on prudent valuation. Herve Guider, General Manager of the of EACB noted: "The endorsement of IFRS 13 on fair value measurement already covers most of the requirements of the prudent valuation as proposed by EBA". In case needed, a prudent value should not lead to double counting of risks and should not be further detached from the accounting value, but rather closely based on it. The determination for the need for a prudent value should take into consideration all the regulatory changes.

For the full Press Release, please click HERE.

For the EACB response to EBA's Consultation on prudent valuation click HERE.