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An extremely interesting summary. "Fair value." Therein lies the rub! I think there are three means of determining "fair" value. One, is a documented publicized amount, such as a stock's share price reported in the newspaper on a given day. Two, in the absence of such a specific amount, is a comparative amount -- as realtors estimate the value of a house by observing the recent sales prices of similar homes nearby. Three, a value determined by a company's internal mechanism or formula. That third is just one of the factors that torpedoed Enron, numerous of its contracts valued and reported on the basis of what management wanted -- management wanting the values that would yield for them the highest salary bonuses. (When Enron was putatively soaring, a skeptical hedge fund guy named Jim Chanos studied the company's financial statement footnotes, finding the sentence, "The market prices used to value these transactions reflect management's best estimates." Chanos immediately thought, "A license to print money." This goes out to CPA firm Arthur Andersen, now deceased and deservedly so.)

Any course or training provided by your team for individuals?

Is pc worth it?

Great summary Peter!

What is future of product control...give AI is all round in all the spaces

Great sir

I'm not from the US but have to report the pnl attribution to one of our investors. Is there any source where I can find a more detailed explanation, possibly with examples so I can improve my reporting?

Thanks Peter for this wonderful session. Unfortunately,not able to get any response from Oliver related to some guidance. Hopefully he will see this and respond.

Hi. I’m trying to order the Product control book from Canada - have also emailed custservice reg the same . Could you please help

Is there any course we can do to get certification for the same?

How to check valuation module?

Fantastic interview. More interviews with fintech CFOs please! Well done Peter!

Thank you for this!

Absolutely criminal that only one executive patsy was convicted for the 2008 economic collapse in the US.

Hi Peter. Do you happen to know anything about CCAR stress testing roles? Anything about the work schedule of these roles? Thanks

I still think it's funny people think trump is behind his NF t's All he did was sell his name and get paid to promote it That is literally what his whole life has been

Thanks Peter for explaining mtm pnl, for product controllers it is imperative to understand 1) why the pnl is falling into unexplained bucket and how to reattribute into correct buckets? 2) Why there is a difference between accounting pnl and risk based pnl 3) is there any pnl hold out or adjustment for the day or any previous day's adjustment has been released today.

Great analysis Fellows . . .

Nothing better than 3 sexy accountants talking shop

Effective Product control is a holistic book if you want to understand PC end to end.

Additionally Product Controller needs to understand the financial structure or architecture of the bank and have to work with IT on lots of issues like Attribution, accounting rule engine development, develop a tactical and strategic way to fix reclasses done on balance sheet on month ends. Collaboration with multiple teams is imperative.

Isn't coding more relevant in valuations role than other desks?

Looking forward to learn from you 🙂

Great summary Pete 👌