26 August 2020
Basel Committee serves up a healthy dose of operational risk management
A Basel Committee consultation paper signals the need for a more direct approach to helping firms to manage their operational risks in a robust manner.
Financial Services Regulatory Insights
Exploring the latest risk and regulation issues in financial services.
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02 July 2020
Solvency II: Prudent Person Principle
The PRA published Supervisory Statement on Solvency II: Prudent Person Principle, setting out its expectations for insurers' investment strategies, investment risk management and governance.
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26 August 2020
Hollywood blockbuster or rotten tomato: does the Basel Committee paper on operational resilience deliver?
The Basel Committee has published its long-awaited consultation paper on ‘Principles for Operational Resilience’. What does it say?
06 August 2020
Why social is no longer the forgotten part of ESG
As companies have increased their focus on ESG issues over the past few years, they have tended to concentrate on the E and the G - with the S being rather left behind.
23 July 2020
Managing fund liquidity through product governance
Firms may face scrutiny on how effectively they are managing liquidity risk through their wider approach to product design and distribution.
16 July 2020
Liability and AI: how to overcome the risks in financial services
Who is to blame when your Artificial Intelligence (AI) system goes wrong? You thought you did everything right when setting it up. You established robust systems and controls, and set out who was accountable for its oversight. But now the regulators are knocking at the door and clients are demanding compensation.
13 July 2020
How COVID-19 could change operational resilience policy
The current coronavirus (COVID-19) pandemic has brought the topic of operational resilience to the fore yet again - providing valuable lessons for both firms and supervisory authorities.
08 July 2020
Does finance transformation deliver benefits that IFRS 17 programmes are struggling to?
In March 2020, we carried out a comprehensive survey of our IFRS 17 projects across the globe. Many UK clients questioned whether combining their IFRS 17 project and finance transformation could deliver the business benefits that MVP IFRS 17 projects lack.
06 July 2020
Is IFRS 17 stable at last?
On 25 June 2020, the International Accounting Standards Board (IASB) issued amendments to IFRS 17 ‘insurance contracts’. The standard comes into effect for annual periods from 1 January 2023, with earlier application permitted.