In-depth articles and publications of the key issues facing financial institutions.
On 24 July 2014, the IASB issued the final version of its new standard on accounting for financial instruments - IFRS 9 Financial Instruments. This completes a project that was launched in 2008 in response to the financial crisis.
The Retail Distribution Review (RDR) was initiated by the Financial Services Board (FSB) in an attempt to ensure that customers receive fair outcomes when purchasing financial products.
In November 2014, the FSB issued the Retail Distribution Review (“RDR”) paper, outlining the RDR results and the proposed reforms affecting retail customers in South Africa.
The KPMG Insurance practice prides itself in addressing the need for insurance industry-specific accounting, business process, governance and regulatory compliance training.
Mobile payments have long been the hot topic in financial services that generates much media hype but ultimately fails to take off.
Listen to the interview conducted by Michael Avery from Classic FM, on Twin Peaks which explores the reason as to why a twin peaks model of regulation, what it is and what does it mean.
At KPMG we have been exploring what the future might look like as the industry embraces digital technologies and starts to harness the full value of the vast amounts of data now available to it.
South Africa’s insurance industry has largely welcomed the release of the Retail Distribution Review (RDR) discussion document, which was released by the Financial Services Board (FSB) on 7 November.
The Basel Committee on Banking Supervision has reviewed the adequacy of the capital framework and submitted the following proposals.
In October 2014, the UK Financial Policy Committee (FPC) published its proposed calibration of the UK leverage ratio, following the FPC’s earlier consultation paper on the leverage ratio (in July 2014),
Financial stability or macro-prudential regulation in South Africa and the lessons learnt from African Bank. Interview on Classic FM and Anthony Smith from KPMG’s Financial Services Regulatory Centre of Excellence.
The Basel Committee has published the latest version of the net stable funding ratio (NSFR), following its consultation paper in January 2014
On 26 October 2014, the European Central Bank (ECB) announced the results of its Comprehensive Assessment of the 130 largest banks in the Eurozone.
The Registrars of Long-term Insurance and Short-term Insurance recently published Board Notice 114 of 2014 (BN 114) for comment.
The Financial Services Board (FSB) has the requirements that ware going to be included in the Insurance Laws Amendment Bill (ILAB).