1. Final Report from the Expert Group on Intellectual Property Valuation
This report summarises the conclusions and recommendations of a European Commission (EC) appointed panel of European IP valuation experts drawn from a range of disciplines including those involved with accounting, business valuation, IP consulting, litigation and damage award activities.
The panel's task was to consider how IP valuation plays a part in the policy for the "Innovation Union" and the bottlenecks that occur.
As intellectual property (IP) and intellectual property rights (IPRs) play an increasingly important role in corporate strategy, the accurate valuation of IP remains a major obstacle to their emergence as a tradable asset class. Though there are several generally accepted ways to measure the value of IP, the introduction of more transparency in IP valuation procedures may render the trading of IP rights significantly more efficient and profitable.
This Expert Group has received the mandate to review valuation methods for IP and their use; to identify bottle necks in the valuation methods used for the purpose of a company’s financial reporting, access to finance and litigation; to identify good practices; and to recommend possible policy actions. Following the mandate given, this expert group has focused its analysis on IP and IPRs (excluding other intangible assets).
2. IFRS –Exposure Draft Insurance Contracts- Comments by EFFAS
On behalf of EFFAS, Carsten Zielke has writen a letter to comment on the revised Exposure Draft Insurance Contracts (‘the ED’). This letter is intended to contribute to IASB’s due process.
EFFAS is pleased that in developing the proposals in the ED the IASB addressed a number of concerns expressed in respect of the Exposure Draft issued in 2010. We are also pleased, that finally after 15 years there is a proposal to jointly address both parts of
an insurance company’s balance sheet.
3. Weekly Update of EU Regulatory News for EFFAS. Graham Bishop's selection of key news and views on European financial services regulation.
Graham's depth of experience from 40 years of observing European financial markets and politics enables him to draw out the vital linkages between political and economic events.