Thomson Reuters Launches Independent Valuation Risk Service
Thomson Reuters has launched a service to provide financial institutions with independent valuations across a number of asset classes and instrument types. The introduction of Thomson Reuters Valuation Risk supports calls from the FSA, regulators and many within the industry for fair and transparent valuations of financial instruments from independent, unbiased third parties. Shifts in volatility and correlations, as well as liquidity constraints are having a massive impact on valuations, demonstrating the limitations of conventional pricing methods. The valuation risk service provides an ‘open model’ approach to pricing and valuation, which the company says will lead to greater transparency, agility and proactive risk management. The service is aimed at the full spectrum of financial markets including buy- and sell-side institutions as well as corporations. The global service is supported by a team of valuation experts working closely with customers in New York, London and Tokyo.