Independent Price Verification and Valuation Model Approval
First written in FY2017-Q1. 19 of 21 entries say "Restated". Latest entry: FY2026-H1.
3 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「Valuation models are reviewed periodically to align them with the market by comparing them with observable market prices and alternative models and by analyzing risk profiles.」
Periodic reviews of valuation models and comparisons with observable market prices, alternative models and risk profiles continue. - FY2025-H1RestatedAnnual report
「Valuation models are reviewed periodically to align them with the market by comparing them with observable market prices and alternative models and by analyzing risk profiles.」
Periodic reviews of valuation models and comparisons with observable market prices, alternative models and risk profiles continue. - FY2024-Q3RestatedAnnual report
「These fair value measurement models are reviewed periodically to align them with market conditions, and the data used are adjusted to reflect the latest market environment and risks. The Valuation Model Validation Group within the Risk Management Division independently of revenue-generating divisions reviews valuation models and assesses their appropriateness and consistency.」
Reviews, data adjustments and periodic reviews by the independent valuation model validation function continue. - FY2024-Q1RestatedAnnual report
「These fair value measurement models are reviewed periodically to align them with market conditions, and the data used are adjusted to reflect the latest market environment and risks. The Valuation Model Validation Group within the Risk Management Division independently of revenue-generating divisions reviews valuation models and assesses their appropriateness and consistency.」
Reviews of valuation models, data adjustments and periodic reviews by the independent VMVG continue. - FY2023-Q3RestatedAnnual report
「These mark-to-market valuation models are reviewed periodically to align them with market trends, and the data used is adjusted to reflect the latest market conditions and risks.」
Reviews of valuation models, data adjustments and periodic reviews by the independent VMVG continue. - FY2023-Q1RestatedAnnual report
「These mark-to-market valuation models are reviewed periodically to align them with market trends, and the data used is adjusted to reflect the latest market conditions and risks.」
Reviews of valuation models by the independent Valuation Model Validation Group, data adjustments and periodic reviews continue. - FY2022-Q3RestatedAnnual report
「These fair value measurement models are reviewed periodically to align them with market conditions, and the data used are adjusted to reflect the latest market environment and risks. The Valuation Model Validation Group within the Risk Management Division independently of revenue-generating divisions reviews valuation models and assesses their appropriateness and consistency.」
Reviews of valuation models by the independent Valuation Model Validation Group and reviews based on comparisons with market prices, alternative models and risk profiles continue. - FY2022-Q2RestatedAnnual report
「These fair value measurement models are reviewed periodically to align them with market conditions, and the data used are adjusted to reflect the latest market environment and risks. The Valuation Model Validation Group within the Risk Management Division independently of revenue-generating divisions reviews valuation models and assesses their appropriateness and consistency.」
Reviews of valuation models by the VMVG, which is independent of the revenue-generating divisions, and periodic reviews based on comparisons with market prices, alternative models and risk profiles continue. - FY2021-Q3RestatedAnnual report
「These mark-to-market valuation models are reviewed periodically to align them with market trends, and the data used is adjusted to reflect the latest market conditions and risks. The Valuation Model Validation Group within the Risk Management division (the “VMVG”) reviews valuation models independently of the divisions responsible for revenue and assesses their validity and consistency.」
Nomura continues to conduct reviews of valuation models by the independent VMVG and periodic reassessments through comparisons with observable market prices, alternative models, and risk profiles. - FY2021-Q2RestatedAnnual report
「These mark-to-market valuation models are reviewed periodically to align them with market trends, and the data used is adjusted to reflect the latest market conditions and risks. The Valuation Model Validation Group within the Risk Management division (the “VMVG”) reviews valuation models independently of the divisions responsible for revenue and assesses their validity and consistency.」
Reviews of valuation models by the independent VMVG and reviews based on comparisons with observable market prices, alternative models and risk profiles continue. - FY2021-Q1ReframedAnnual report
「The Valuation Model Validation Group within the Risk Management division (the “VMVG”) reviews valuation models independently of the divisions responsible for revenue and assesses their validity and consistency.」
An independent valuation model validation function continues, with the organization named VMVG and periodic reviews explicitly conducted through comparisons with observable market prices, alternative models and risk profiles. - FY2020-Q2RestatedAnnual report
「These mark-to-market valuation models are reviewed periodically to align them with market trends, and the data used is adjusted to reflect the latest market conditions and risks. The Global Model Validation Group within the Risk Management division (the “MVG”) reviews valuation models independently of the divisions responsible for revenue and assesses their validity and consistency.」
Reviews of valuation models by the MVG, which is independent of the revenue-generating divisions, and reviews based on comparisons with market prices, alternative models and risk profiles continue. - FY2020-Q1RestatedAnnual report
「These mark-to-market valuation models are reviewed periodically to align them with market trends, and the data used is adjusted to reflect the latest market conditions and risks. The Global Model Validation Group within the Risk Management division (the “MVG”) reviews valuation models independently of the divisions responsible for revenue and assesses their validity and consistency.」
Reviews of valuation models by the MVG, which is independent of the revenue-generating divisions, and reviews based on comparisons with market prices, alternative models and risk profiles continue. - FY2019-Q3RestatedAnnual report
「These mark-to-market valuation models are reviewed periodically to align them with market trends, and the data used is adjusted to reflect the latest market conditions and risks. The Global Model Validation Group within the Risk Management division (the “MVG”) reviews valuation models independently of the divisions responsible for revenue and assesses their validity and consistency.」
Reviews of valuation models by the MVG, which is independent of the revenue-generating divisions, and periodic comparisons with and reviews against market data continue. - FY2019-Q1RestatedAnnual report
「New valuation models are reviewed and approved by the MVG. Thereafter, the MVG reviews them, including reapproval of the models, at least once a year.」
Independent price verification, valuation model approval and reapproval, and revenue verification by PCVG, APG and MVG, which are independent of the trading divisions, continue. - FY2018-Q3RestatedAnnual report
「At Nomura, we operate a governance framework with control and support functions for arbitrating or validating fair value measurements, organized independently of the trading divisions that bear the risks of financial instruments. New valuation models are reviewed and approved by the MVG. Thereafter, the MVG reviews them, including reapproval of the models, at least once a year.」
Fair value measurement governance through independent price verification, approval and reapproval of valuation models, model validation, and revenue verification continues. - FY2018-Q2RestatedAnnual report
「At Nomura, we operate a governance framework with control and support functions for arbitrating or validating fair value measurements, organized independently of the trading divisions that bear the risks of financial instruments. New valuation models are reviewed and approved by the MVG. Thereafter, the MVG reviews them, including reapproval of the models, at least once a year.」
Fair value measurement governance through independent price verification, approval and reapproval of valuation models, model validation, and revenue verification continues. - FY2018-Q1RestatedAnnual report
「At Nomura, we operate a governance framework with control and support functions for arbitrating or validating fair value measurements, organized independently of the trading divisions that bear the risks of financial instruments. New valuation models are reviewed and approved by the MVG. Thereafter, the MVG reviews them, including reapproval of the models, at least once a year.」
Fair value measurement governance through independent price verification, approval and reapproval of valuation models, and revenue verification continues. - FY2017-Q3RestatedAnnual report
「At Nomura, we operate a governance framework with control and support functions for arbitrating or validating fair value measurements, organized independently of the trading divisions that bear the risks of financial instruments. New valuation models are reviewed and approved by the MVG. Thereafter, the MVG reviews them, including reapproval of the models, at least once a year.」
Fair value measurement governance comprising independent price verification, model approval and reapproval, and revenue verification continues. - FY2017-Q2RestatedAnnual report
「At Nomura, we operate a governance framework with control and support functions for arbitrating or validating fair value measurements, organized independently of the trading divisions that bear the risks of financial instruments. New valuation models are reviewed and approved by the MVG. Thereafter, the MVG reviews them, including reapproval of the models, at least once a year.」
Fair value measurement governance comprising independent price verification, model approval and reapproval, and revenue verification continues. - FY2017-Q1First statedAnnual report
「At Nomura, we operate a governance framework with control and support functions for arbitrating or validating fair value measurements, organized independently of the trading divisions that bear the risks of financial instruments. New valuation models are reviewed and approved by the MVG. Thereafter, the MVG reviews them, including reapproval of the models, at least once a year.」
The disclosure describes price verification, accounting policies, and model approval and reapproval by functions independent of the trading divisions, including PCVG, APG and MVG.