Goldilocks’ Global Economic News 6-18-2024
The New International Valuation Standards (IVS) will become effective January 31st, 2025.
The latest version includes new chapters on:
* Data & Inputs,
* Documentation,
* Financial Instruments.
“The International Valuation Standards (IVS) are a framework used by valuation professionals in over 100 countries to ensure consistency, transparency, and confidence in valuations.”
The most significant changes will result in Data Models and Money Flow by which these new mechanisms will move payments through new Digital Networks.
New valuations in currency values are part of these valuations due to new ways of doing business around the world involving the use of Local Currency over a World Reserve Asset.
The currency valuation adjustments that take place between now and then on the markets, however distorted they may get during this time, will help give rise to New Market Data that will go into the computations of these new standards. IVSC IVSC Standards Glossary Linkedin
© Goldilocks
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“CHANGES TO OCC’S MERGER RULES ARE DESPERATELY NEEDED TO PROTECT THE FINANCIAL SYSTEM AND MAIN STREET AMERICA FROM TOO-BIG-TO-FAIL BANKS”
We have seen several Bank mergers the last few years, but the pace of these mergers is about to really pick up between now and the end of this year.
Did you know since the 1980s that the number of banks has declined around 70%? The anticipation of a new monetary system has been in the works for some time.
The Office of the Comptroller of the Currency (OCC) is currently working on closing loopholes, so clients in our banking systems can have better protection as we approach a deepening of the new Digital Banking System transition. Better Markets
© Goldilocks
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Vietnam has golden opportunities to develop silver economy: expert-Xinhua
Vietnam has an aging population that will diversify their economy and expand it. Not only do they have an opportunity to grow through infrastructure opportunities, but they have the opportunity to grow inside an aging population that will engage their medical service opportunities as well.
These two aspects of Economic Development will go a long way in moving the demands of their currency to higher levels going forward. English News
© Goldilocks
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Vietnam’s outperformance relative to peers is a good news story that doesn’t get enough notice. Like China, it is a communist country that has embraced enterprise and growth. Others should study its method for success.
My first Uber was in Hanoi. Vietnam welcomes trade, commerce, and innovation. Twitter
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Vietnam is moving on up..
It looks like their Market Status is becoming a reality. | Youtube
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Hello, World!
Watch “Webinar: Latest changes to the International Valuation Standards (IVS) – February 2024” on #Vimeo | Vimeo
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Tokenization May Provide Global Markets With More Efficiency, According to SEC Commissioner | DailyHodl
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Speech by Governor Bowman on innovation in the financial system – Federal Reserve Board
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