What does IPV stand for?

Breaches of regulatory requirements common to both incidents were a failure to have in place a well defined and transparent line of supervisory responsibility; a failure to supervise the trader's activity and an inadequate month-end independent price verification process," the regulator said.

It found an absence of a system of independent price verification, a lack ofeffective trading supervision, and a failure to implement effective trade breakescalation procedures.

Epitome's client offerings include bespoke research and analytics services, middle and back office support including risk management solutions, independent price verification and over the counter (OTC) derivatives valuation, fund services and advisory services.

About Markit Markit is the leading industry source for asset valuation data and services supporting independent price verification and risk management in global financial and energy markets.

About Markit Markit is the leading industry source for asset valuation data and services supporting independent price verification and risk management in global financial and energy markets.

About Markit Markit is the leading industry source for asset valuation data and services supporting independent price verification and risk management in global financial and energy markets.

About Markit Markit is the leading industry source for asset valuation data and services supporting independent price verification and risk management in global financial and energy markets.

In addition to independent price verification, Mark-it provides a number of additional benefits to participant institutions, including: -- Improved capital modelling -- Accurate data for front office applications -- A tool to improve risk management surrounding entity naming -- Data for use in loan portfolio pricing and optimisation Lance Uggla, Chief Executive of Mark-it Partners, said: "The credit markets have grown exponentially over the past few years, yet recent record bond defaults and corporate collapses have increased pressure to obtain up-to-date, high quality market data.