In-depth articles and publications of the key issues facing financial institutions.
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.
This article examines the role Human Resources can play beyond the usual hiring and firing, to add strategic, measurable value to the business.
The global asset management industry has experienced significant turmoil in the last five years, driven by the global financial crisis in 2008. However, Africa is forecast to be a driver of significant growth for fund management industry globally.
The microfinance sector in South Africa is a large and growing sector of the national economy.
At the end of July 2013, the International Auditing and Assurance Standards Board (IAASB) released a suite of exposure drafts which propose to revise the auditor’s report on financial statements and to make the auditor’s report more informative.
The insurance industry has, traditionally, been misunderstood and is perceived by many as a necessary evil. The perception is all but alluring - a male dominated industry with staid values and principles, poor market conduct and vanilla offerings.
FATCA is a reality and is set to impose itself on South Africa’s regulatory framework, and will a substantial impact on the operations of all affected financial institutions.
Following the SAICA Retirement Fund Meeting held on 3 September 2013, the Financial Services Board (FSB) has advised that revised retirement fund annual financial statements will be effective for year-ends from 31 January 2013.
Developed by our International Standards Group and IFRS banking specialists around the KPMG network, this quarterly newsletter brings together current IFRS issues facing banks.
Analyzing the performance of insurance firms from the FT Global 500 over a 12 year period, KPMG identified 12 life insurers and 14 non-life insurers who consistently outperformed their competitors.
The South African financial services regulatory environment is experiencing significant regulatory change, which is becoming increasingly burdensome to financial institutions operating in the South African financial services sector.
Released in April 2013, the inaugural edition of the KPMG Africa-wide Banking Industry Customer Satisfaction Survey, reveals the triumphs and challenges of African banks as they battle to win customer satisfaction and seize marketshare.
This facsheet highlights the correct ways of applying the 'in duplum' rule in South Africa.