This comment is also inaccurate.
The review qualification relates to not seeing evidence to support the use of FV under new standard (essentially business model part of the test I'd expect). It isn't questioning the measurement of the assets under the policy they are applying. Also, once again, the mathematical differences between the two approaches isn't that significant IMO when considering the nature of the asset we are dealing with. Your comment is unfounded.
DYOR
PNC, page-62
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