POINTS OF VIEW
02-03-2020 | POINT OF VIEW
Climate change is more than just a financial threat to the industry
In the March issue of Insurance Day Miroslav Petkov explains why insurers, banks and governments must work together to develop solutions that provide more certainty and financial protection against extreme weather events.
06-02-2020 | POINT OF VIEW
EBA’s vision for stress testing: more change than meets the eye
The EBA’s “parallel testing” proposal makes banks responsible for both their stress testing results and explaining any divergence from the regulatory view. This heightens the need to quantify the impact of management actions from “bottom up” and requires banks to adopt a much more flexible, analytical infrastructure.
17-12-2019 | POINT OF VIEW
Why the future of machine learning hinges on a change in human mindset
Machine learning is coming of age - and so are validation and testing tools for it. However, the scepticism over this ‘black-box’ solution hinders financial services from yielding the full benefits of the technology. In this article, we outline machine learning’s inherit complexity and the unjustified scepticism that has to be overcome.
26-11-2019 | POINT OF VIEW
Cloudy with a chance of regulation
The recent Treasury Select Committee (TSC) report on IT Failures in the Financial Services sector highlighted the increased adoption of new technologies as an emerging risk to operational resilience
07-11-2019 | POINT OF VIEW
Climate Change Risk Management in Financial Services: Laying the Foundations for Outperformance
Financial institutions face increased regulatory and public scrutiny to incorporate climate change considerations in their strategic planning and risk management. In our latest whitepaper, we examine how financial institutions can start laying the foundation for outperformance.
30-10-2019 | POINT OF VIEW
The shape of you: how Topological Data Analysis reveals the unknown unknowns
Topological Data Analysis outperforms traditional unsupervised learning methods by letting data speak for themselves. This provides actionable insight at a time when firms are drowning in information but starving for knowledge.
10-10-2019 | POINT OF VIEW
Don’t settle for less: enhancing resilience in a world of instant payments
Meeting the symbiotic challenge of innovation and resilience requires sophisticated technology upgrades and data harmonisation.Firms’ understanding of associated risk management must keep in step with upgrades in the payments industry.
25-09-2019 | POINT OF VIEW
The IR35 cliff edge
The new approach to enforcing IR35 legislation comes into being from April 2020 and, unless banks navigate the coming months effectively, has the potential to derail the operational continuity of the banking sector.
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
Banks will continue to invest in RegTechs, chasing the clear benefits and capabilities that they can provide. However, only by understanding exactly what they require from a technology product will they be able to select and integrate them into their operating model and extract their true value.
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.