Scottish Mortgage welcomes FCA review into private markets valuations

Last month, the FCA confirmed it would undertake a review into private markets valuations later this year, with a focus on asset managers' discipline and governance over how assets are valued.  FCA chief executive Nikhil Rathi said that the regulator anticipates that an adjustment in private markets valuations will emerge in a higher interest rate environment, following the prolonged period of low interest rates and borrowing costs. FCA actively monitors risks of private markets to financial stability Although the full scope and timings of the review are not yet known, what has bee...