Groupe Consultatif publishes paper on Market Consistency

The Groupe Consultatif Actuariel Européen has published a paper on Market Consistency.  The paper summarises the key principles underlying market consistent valuations of assets and liabilities.  Its underlying aim is to help actuaries and others best interpret the concept of market consistency in contexts where several possible valuation approaches are or might be proposed.





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Market Consistency letter.pdf 59.03 KB
Market Consistency Paper.pdf 301.52 KB