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Loving this from APRA.
According to super funds, the Australian Prudential Regulation Authority is now holding discussions with fund auditors and trustees in which it is emphasising the need to ensure there are robust processes in place for valuing unlisted assets.
The discussions with fund auditors and trustees are in addition to the regular discussions that APRA is now having with the managers of super funds about valuations of unlisted assets.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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