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.
The proliferation of connected devices has resulted in the exponential increase of real-time data. But data on its own means very little if proper analytics does not take place.
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.
The concept of reportable arrangements was introduced in 2005 to require early disclosure to SARS of certain types of transaction that may give rise to tax avoidance concerns so as to enable SARS to investigate them timeously.
18 August 2014: The need for a full and frank assessment of the future role of the audit profession was highlighted at a recent roundtable discussion in South Africa.
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.