POINTS OF VIEW
08-08-2019 | POINT OF VIEW
Between a rock and a hard place: why insurers must apply focus to both IFRS 9 and IFRS 17
A harmonised IFRS 9 / IFRS 17 solution is required to overcome the challenges of combined delivery and implementation timelines. To enable this, Insurance sector's focus on IFRS 9 needs to be intensified, with an acceleration of programmes to understand the impact on business performance and change requirements.
17-07-2019 | POINT OF VIEW
Beyond the Gold Standard
This article explores how far we have come since the UK Bribery Act was introduced, and asks the question, how far do we have to go?
11-06-2019 | POINT OF VIEW
Transforming the mortgage market
To achieve market-leading lending practices without the cost of technology, lenders need to "zero base" their assessment of policy, process and control.
23-05-2019 | POINT OF VIEW
Establishing the critical link between payment transparency and FinCrime compliance
As financial institutions face record fines for sanctions-related breaches, it is critical for them to get back to basics and refocus on the fundamental link between payment transparency and financial crime.
24-04-2019 | POINT OF VIEW
The long last mile of prudential reform
A decade since the Global Financial Crisis, the pace of change within prudential regulation is not showing any sign of slowing. Particularly as economic downturn heightens vulnerabilities in our financial system, the last mile of post-GFC regulatory reform may just be hardest one.
09-04-2019 | POINT OF VIEW
Financial institutions beware – big tech is moving into banking
This article explores the changing powerplay between Big Bank and Big Tech, and why incumbent banks should focus on their “disruption-proof core” – customer experience, operational resilience, and regulatory excellence.
29-01-2019 | POINT OF VIEW
Six simple steps for improving the effectiveness of risk assessments
Financial institutions have stepped up investment in risk assessment over the past decade in response to the regulators’ repeated call for a risk-based approach to management activities.
03-12-2018 | POINT OF VIEW
Illiquid assets – seizing the risk-return opportunity
Insurers are currently in the midst of a ‘perfect storm’. Pricing pressures are squeezing premium incomes, investment returns from traditional asset classes are declining owing to continued low
27-11-2018 | POINT OF VIEW
Breaking through the liquidity catch 22
The discontinuation of LIBOR is “something that will happen and which firms must be prepared for”, Andrew Bailey made this clear during his speech in July 2018.
31-10-2018 | POINT OF VIEW
Why RegTech is not a technology problem
Over the next five years, banks’ spend on RegTech will grow over fivefold, from $18 billion in 2018 to $115 billion in 2023.
18-10-2018 | POINT OF VIEW
A decade on – a perspective on financial crime controls
The ten-year anniversary of the Global Financial Crisis provides a fitting moment to reflect on what has changed in financial services and what still needs to improve.
25-09-2018 | POINT OF VIEW
Preparing for a Libor-free future: why the time to act is now
A year since Financial Conduct Authority's announcement to phase out LIBOR by 2021, both the FCA and the Commodity Futures Trading Commission in July reemphasised the urgency for market participants to be able to demonstrate tangible progress on their transition away from LIBOR.
05-09-2018 | POINT OF VIEW
IBOR Transition: Developing a strategic response
Interbank Offered Rates (IBORs) have been on the international regulatory agenda since 2008 and headlined since 2012, when the first high-profile LIBOR manipulation settlements were agreed.
02-08-2018 | POINT OF VIEW
Agility in the Risk function: Fantasy or Reality?
To become truly agile to changing consumer expectations and evolving strategic needs, banks need to resist the siren songs of defining a solution for the future when little is known about what the future will hold.
30-07-2018 | POINT OF VIEW
Banking culture needs to adapt as the algorithms learn to trade
Firms need to embed a risk-based culture in the construction, deployment, and ongoing use of algorithms to meet the growing regulatory expectations and to preserve the resilience of both individual firms and the wider financial system.
14-06-2018 | POINT OF VIEW
Banks must overcome risks to maximise benefits of AI
This article, by Scott Vincent and Kuangyi Wei, first appeared in The Telegraph on 29 May 2018. The image of Artificial Intelligence has progressed rapidly in mainstream culture over the past
11-05-2018 | POINT OF VIEW
Future-proofing consumer lending against the monetary policy dilemma
It was just a few weeks ago that a hike in interest rate by the Bank of England seemed inevitable to financial markets. Yet the Monetary Policy Committee (MPC)’s decision yesterday to keep the rate
19-04-2018 | POINT OF VIEW
Spotlight on the third line of defence: Why IFRS 9 brings model audit to the fore
IFRS 9, a new accounting standard on the classification and measurement of financial assets was rolled out in January this year. New expected credit loss (ECL) models for calculating impairment are
05-04-2018 | POINT OF VIEW
Banking on risk in the digital age
Banks face a seismic technological upheaval The banking sector now finds itself between two seismic events: it is post-financial crisis but pre-digital revolution. Over the past decade, the
12-03-2018 | POINT OF VIEW
Why technology meritocracy is at the heart of banking success?
The new banking reality is one of lower profitability, greater shareholder expectations, and more competitors at the doorstep. Accelerating and sustaining digital transformation is key to realising a