217. When institutions use external valuers, they should establish a panel (selection) of accepted …

When institutions use external valuers, they should establish a panel (selection) of accepted external valuers, covering specific property that is being used as collateral, that is relevant to the lending activities of the institution as well as the location of these activities. This panel of experts should be used for the valuation of large and complex movable property collateral, such as vessels, aircraft and plant machinery.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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