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.
Financial Services Regulatory Insights
Exploring the latest risk and regulation issues in financial services.
All articles
29 June 2020
IFRS 17: The destination is in sight
What a difference three years makes. In early 2017, it was unknown whether IFRS 17 would even materialise. Here we are today with the Standard finalised.
26 June 2020
The Government charts a new regulatory course for financial services in the UK
For some time now the UK Government and regulators have been making the point that after Brexit the UK would do things differently when it comes to financial services regulation. In this blog, Conor MacManus discusses a new regulatory course for financial services in the UK.
16 June 2020
This is no time to stand still for IFRS 17 tech vendors
‘To stand still is to fall behind’ is a phrase we’ve tirelessly used in our IFRS 17 webcasts and presentations. Nowhere does it apply more than our vendor analysis.
29 May 2020
AML obligations in the COVID-19 recovery: be flexible, but don’t relax
The emerging threats from COVID-19 have resulted in a heightened risk of financial crime across the financial services sector.
22 May 2020
IFRS 17: Agile implementation and Moody’s Analytics RiskIntegrity™ for IFRS 17 solution go hand in hand
In our new blog, Marco Fillion and Richard Hart discusses whether following an agile methodology will result in a better outcome when deploying any IFRS 17-related project.
05 May 2020
COVID-19: Act in haste, absolutely - but don’t repent at leisure!
COVID-19 has driven a rapid industry response, but we must consider the consequences of rapid change.
05 May 2020
Managing fund liquidity - does COVID-19 change things?
We’ve seen a sharp drop in global financial markets in recent weeks, asset managers need to revisit their approaches to managing fund liquidity.
20 April 2020
COVID-19 - As regulators flex, so must firms
COVID-19 has created challenging market conditions for insurers to navigate, read what regulators have done to allow insurers to focus on business continuity.
20 April 2020
COVID-19: Time to tackle new money laundering and fraud challenges?
Many of us are still getting used to self-isolating and social distancing. But unfortunately the money launderers and fraudsters appear to be exploiting this.
16 April 2020
IFRS 9 for insurers: Five considerations that remain important despite the deferral to 2023
The IASB recently decided to extend the temporary exemption from IFRS 9 until 2021, but what does this now mean for your IFRS 9 programme?
16 April 2020
Living with Lockdown - COVID-19 and client assets (CASS)
With the challenges faced by us all in relation to responding to COVID-19, what should firms be considering when it comes to protecting clients' assets?
15 April 2020
How asset managers can survive today without forgetting tomorrow
We’re helping people to manage current challenges, supporting firms resilience plans, people needs and to continue to deliver ‘business as usual’ to the extent that it is possible.
31 March 2020
IFRS 17: Are you there yet?
In our Global ‘IFRS 17: Are you there yet?’ Webcast this week, I was joined by Gail Tucker, Alwin Swales and Rika Suzuki from the IASB to discuss how insurers are getting ready to implement IFRS 17. It was a fascinating, interactive conversation that I recommend you listen back to.
31 March 2020
Key COVID-19 considerations for your IFRS 17 programme
March is proving an eventful month for business and society. On the one hand, the IASB Board has delayed the effective date of IFRS 17 by one year, providing more time to implement the standard. On the other hand, this is amidst the global challenge of COVID-19 which has been declared a pandemic by the World Health Organization.
26 March 2020
Regulators publish guidance on the identification of key financial workers and critical outsource partners
The BoE and FCA have published guidance for firms to help them identify key financial workers. Conor MacManus discusses what this means and what firms should do.
26 March 2020
Coronavirus: Juggling legal and conduct risks in general insurance
On 19 March 2020 the FCA set out its expectations for insurers on how they should respond to some of the challenges caused by this coronavirus (COVID-19) pandemic.
26 March 2020
COVID-19: BoE and PRA aim to alleviate operational burdens to allow focus on what’s important
To allow firms and regulators to better concentrate on managing the impact of COVID-19, the Bank of England (BoE) and the Prudential Regulation Authority (PRA) are halting or reviewing a range of supervisory and prudential-related activities.
18 March 2020
IFRS 17: What you missed from Oracle OpenWorld
Last month’s EMEA Oracle OpenWorld was a great opportunity to explore how technology can solve the key challenges facing business today. As part of our role as sponsor, we co-hosted a client roundtable with Oracle on IFRS 17. We wanted to showcase how, when technology is approached with the right mindset, the solutions can go beyond simply meeting regulatory compliance to delivering finance transformation.
10 March 2020
European banks should note global disruption trends
There are plenty of signals coming from the global banking sector that should give European banks pause for thought over their future.
02 March 2020
What do impact tolerances and narwhals have in common?
Effective operational resilience is compared to a sea creature; this may seem an incredulous link...but hear me out.
28 February 2020
Later life mortgages: Will people really still be working at 90?
Mortgage terms are increasing and lasting later into a customer’s life. But are lenders doing all they should to fully assess the new and exacerbated risks that these new lending trends create, such as plausibility of income?
20 February 2020
Sustainable Investment Taxonomy - the end of the beginning?
Political agreement on the taxonomy is a vital first step in providing a framework to support firms in integrating sustainability considerations into the investment process and wider approaches across their business.
11 February 2020
IFRS 17 Global Roundup: February 2020
Emerging threats. The need to upskill. Growth challenges. These are all reasons why your IFRS 17 programme should deliver more than a new set of financial accounts. Alex Bertolotti discusses this in more detail.
06 February 2020
Time to capitalise on the changing face of financial ‘advice’
In this blog, Andrew Strange discusses the complexities for financial service companies on providing advice to clients and customers.
