How can you say that the process was independent given that the statutory valuation assumptions, which were core to the valuation, are so controversial?
Independent Valuer reached his final determination independently. It was for him – and not the Government – to determine the amount of any compensation payable under the Northern Rock plc Compensation Scheme. When undertaking his valuation, the Independent Valuer was required by law to apply the statutory valuation assumptions set by the Banking (Special Provisions) Act 2008 and the Northern Rock plc Compensation Scheme Order 2008.
Related Questions
- How can you say that the process was independent given that the statutory valuation assumptions, which were core to the valuation, are so controversial?
- What were the statutory assumptions that the Independent Valuer was required by law to apply?
- What are the statutory assumptions that the Independent Valuer is required by law to apply?
