A shadow bank is defined as a non-bank entity that provides lending services similar to a traditional bank but does so outside the traditional regulatory environment in which a commercial bank must operate.
Certain sections of the Protection of Personal Information Act (POPI) came into effect on 11 April 2014. The relevant sections deal with the establishment of the information regulator, amongst others.
South African banks are comfortably ahead of global banks in terms of the Basel committee’s new leverage requirements governing banks’ debt to equity ratios. The rules mean banks have to increase their equity levels further.
2014 will see continued regulatory change, and with it will come additional strain on insurers. As the 2014 Evolving Insurance Regulation report suggests, the next two years will be critical in the development of global insurance regulation.
There has always been an intense focus on performance management outcomes, yet the focus rarely digs deeper into the behaviours and values needed to generate those outcomes.
In this series we discuss how organisations are adapting to the ever increasing need for compliance and social responsibility.
There is an emerging shift in the power balance between many procurement organisations and their suppliers. Jan Fokke van den Bosch, Global Chief Procurement Officer at ING, discusses this power shift and how his organisation is responding.
Jan Fokke van den Bosch, Global Chief Procurement Officer at ING Bank, discusses how his organization ensures regulatory compliance – both internally and across the extended supply chain.
The ability to segment and closely engage with strategic suppliers allows procurement organisations to deliver increasingly new forms of value to the business.
In this series we discuss how procurement organisations have established and nurtured relationships with key suppliers to increase value.
Establishing strong & collaborative relationships with suppliers is critical when seeking to become a customer of choice.
Technology is imperative to enabling transformation. But how the technology is utilised and integrated will make a significant difference.
Procurement transformation requires an emphasis on integration of processes, technology, data, and perhaps most importantly – people. Scott Wharton, CPO at Citi, discusses how his organisation considered these dimensions during the transformation process.
The 2014 Evolving Insurance Regulation report examines current and future regulatory changes impacting the insurers both from a global and regional perspective.
IFRS 10 Consolidated Financial Statements may impact corporates and insurance companies who enter into cell captive arrangements