ASSOVIB launches EVS 2016 on the Italian market
June 16, 2016
ASSOVIB takes part in Milan to the launch of new International standards which it has contributed to draft.
After having attended to the presentation of the European Valuation Standards at the Brussels Meeting of TEGoVA, of which ASSOVIB is full member, the Association took part on June 16 to EVS launch on the Italian market. The event was organized by TeMA, Company owned by Milan’s Chamber of Commerce. This issue of EVS follows a line of continuity with the previous version EVS2012, which in 2014 has been chosen by ECB as preferred property evaluation standard for the Asset Quality Review. The changes in the 2016 issue are primarily aimed at ensuring the full EVS compliance with the latest European legislation and at reinforcing interventions to back valuations transparency. At the event Italian Banking Association representative Raimondo Lucariello acknowledged the relevant ASSOVIB role, representing property valuation Companies, in the standards implementation and development in Italy.