In-depth articles and publications of the key issues facing financial institutions.
The challenge for financial services firms is to find ways of handling the heavily increased reporting burdens effectively – ensuring compliance – and efficiently – at acceptable cost.
Many pension funds are finding it difficult to stay abreast of the reporting requirements imposed on them by Regulation 28.
As retail banks struggle to come to terms with an increasingly complex operating environment, many are starting to find that social media could help solve some of the sector’s key issues.
It is generally conceded that inappropriate incentives and remuneration structures led to unwelcome behavior in the banking industry: this increased risk and contributed to the crisis.
At the end of September 2013, after months of debate and consultation, Cabinet announced its approval of the “credit information amnesty” proposals as put forth by the select committee on trade and international relations.
IFRS 4 provides guidance on whether medical schemes should assess capitation agreements as risk transfer arrangements or not.
The recently released accounting standard, IFRS 9 (2013) – General hedge accounting could offer some welcome relief to corporate South Africa.
While South Africa was affected less severely by the global financial crisis, the small investor base and limited trading volumes meant that investors in markets felt the impact both economically as well as in their financial results.
New digital technologies are allowing insurers to leverage information technology beyond traditional automating of standard process flows and to engage customers, partners and employees in more meaningful and effective ways.
The regulatory agenda continues to evolve, sustaining a prolonged level momentum which shows no sign of easing.
In this publication we examine the most important business implications for executives to consider in response to the most recent insurance accounting proposals.
The microfinance sector in South Africa is a large and growing sector of the national economy. It aims to bring access to financial services to the poor and unemployed by assisting them in setting up income generating micro businesses.
The retail banking industry in South Africa is a highly competitive market. The depressed credit market coming out of the financial crisis of 2009 has resulted in local banks embarking on a more focused undertaking to increase revenue.
On 19 November 2013, the IASB issued a new general hedge accounting standard – part of IFRS 9 Financial Instruments (2013) – which will align hedge accounting more closely with risk management.
The world is changing fast, requiring insurers to put a greater emphasis on knowing their customers. Learn more about the four attributes of a valued insurer, and how they can support long-term growth.