Publications

The Basel Committee on Banking Supervision is revising methodologies for the determination of capital requirements. While rules introduced by Basel III increased the amount of capital that banks must hold, recent developments proved that even stricter rules should be applied. This is where the Basel IV framework was introduced. In ‘The evolution of Basel IV: […]

After many years of discussion and consultation, the International Accounting Standards Board (IASB) published the new accounting standards for insurance contracts, also known as IFRS 17. The implementation program is set for January 1st, 2021, which gives insurers little time to prepare for the implementation of the standard. With its revolutionary scope, IFRS 17 is

The introduction of new regulations and the proliferation of emerging technologies are changing customers’ expectations of banking products and services at the speed of light. As a result, financial institutions have to change the way they operate, and how they offer their financial services and products. In order to meet customer expectations, while at the

As Robotic Process Automation (RPA) usage gathers more traction every day, its importance cannot be overlooked any longer. Slowly but surely, we are getting a glimpse into future ways of working and RPA is leading the way forward for new innovative technologies. The financial services industry is now seeing significant value in the use of

The International Accounting Standards Board (IASB) has published a new international standard for reporting financial instruments called IFRS9. The main aim of IFRS 9 is to increase the relevance of accounting provisions to transfer information from the organisation to investors and to the regulators about those events that can be reliably forecast. This will in

The current Financial Services arena is being disrupted by complex innovative technology changes. One such innovation is the new Payments Services Directive 2 (PSD2). Thanks to the implementation timeframes for PSD2, 2018 will be a game-changing year for the majority of players in the Financial Services industry. Many fear the scope and impact of the

On November 23rd 2016 the Commission presented a proposal regarding the further reformation of EU banks in terms of strengthening their joint vitality. The headlines of the proposition are of significant importance. The financial crisis shook banks and financial regulatory systems. In its devastating aftermath, banks and businesses try to regain stability and market confidence