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By Rachel Fixsen2021-04-16T14:41:00+01:00
Denmark’s financial watchdog has responded cautiously to the set of recommendations published this week by the pensions industry for guidelines on how individual firms should value their unlisted assets, saying the move is positive, but it must wait and see how they are actually used.
Carsten Brogaard, deputy director general of the Danish FSA (Finanstilsynet), told IPE: “The Danish Financial Supervisory Authority finds the new guidelines very positive and we hope that increased transparency will mean that the valuations will be calculated in the same way across the sector.”
Asked for the FSA’s response to the initiative, he said: “It is still hard to know what this initiative exactly will bring. We still need to see it used in reality.”
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