POINTS OF VIEW
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
01-03-2018 | POINT OF VIEW
Banks must get their heads out of the sand and into the cloud
This article first appeared in City A.M. on Monday 26th February 2018. There is something for everyone to celebrate in what has been a solid earnings season for the Big Four UK banks. RBS
09-02-2018 | POINT OF VIEW
The City has more serious things than Brexit to worry about
This article first appeared in City A.M. on Wednesday 7th February 2018. Brexit has been the centrepiece of the City’s agenda this week, with two planned Brexit Select Committee meetings
30-01-2018 | POINT OF VIEW
Davos Diary: insights from the 2018 World Economic Forum
This is the second in a series of insights from the 2018 World Economic Forum, Davos. Dr Alastair MacWillson, Parker Fitzgerald’s Chief Technology Advisor, gives his personal account of his week at
25-01-2018 | POINT OF VIEW
A decade on from the Global Financial Crisis: more capitalised but not better off
This is the first in a series of insights from the 2018 World Economic Forum, Davos The IMF kicked off this year’s World Economic Forum (WEF) on a cheerful note with its upgrades to global
18-01-2018 | POINT OF VIEW
Could 2018 mark the year zero of true digital banking?
This article first appeared in City A.M. on Tuesday 16th January 2018. The Second Payment Services Directive (PSD2) came into force across the EU last Saturday, opening access to consumers’
12-01-2018 | POINT OF VIEW
New Year’s Resolutions: what does the ECB supervisory priorities tell you about the future of banking in Europe?
2018 looks set to be the year that heralds a decade of true transformation in the banking industry. This year’s regulatory trinity of MiFID II, PSD2 and GDPR already point to a new era of data