In-depth articles and publications of the key issues facing financial institutions.
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).
The PRA in the UK has followed up its consultation on branch supervision (in February 2014) with a final statement of its supervisory approach to branches of international banks.
Banks with branches in the UK, or wanting to open branches in the UK, should consider carefully the UK Prudential Regulation Authority’s (PRA) recently issued consultation paper on supervising international banks.
The OECD (Organisation for Economic Co-operation and Development) Common Reporting Standard (CRS) is a big step towards a globally coordinated approach to disclosure of income earned by individuals and organisations.
The purpose of the Retail Distribution Review (‘RDR’) by the Financial Services Board (‘FSB’) effectively seeks to ensure insurance distribution models are aligned to achieving Treating Customers Fairly (‘TCF’) outcomes.
A derivative is a transaction, contract or arrangement, whose value is derived from and is dependent on the value of an underlying asset such as equities, currency or commodities.
Capital adequacy is the amount of capital a bank or other financial institution has to hold as required by a financial regulator in this case the JSE.
Organisations are continuously challenged by the complexity and increasing number of laws, regulations, codes and standards that need to be complied with. Never before has the need for an effective compliance function been so acute.
The department of trade and industry has indicated their concern over the “worrying increase in levels of over-indebtedness.
The potential is clear: billions of prospective new customers, a growing middle class, maturing regulatory landscapes and increasing financial literacy are all combining to create important new markets for the insurance sector.
This New on the Horizon provides detailed analysis on the IASB's recent discussion paper on accounting for dynamic risk management activities.
The National Credit Amendment Act (“the Amendment Act”) was enacted on 19 May 2014 but effective date has not yet been tabled.
The National Credit Act (“NCA”) entered into effect on 1 June 2007. The NCA serves to codify a comprehensive set of basic rights and protections for consumers (as defined) in credit arrangements.