Reported about 16 hours ago
The UK's Financial Conduct Authority has warned that private market valuations are hindered by inadequate management of conflicts of interest and poor documentation practices. A review of 36 private equity and venture capital firms found inconsistencies in how decisions on asset appraisals are made, risking misrepresentations of financial stability. While no egregious practices were identified, the FCA emphasizes the need for improvement and better documentation of potential conflicts to protect investors.
Source: YAHOO