In-depth articles and publications of the key issues facing financial institutions.
The Financial Services Sector is facing a ‘Perfect Storm’ in terms of the amount of Regulatory driven change required to be introduced over the next few years.
It should come as no surprise that data is now considered the number 1 asset at financial services organisations.
The intergovernmental agreement between the governments of South Africa and the United States of America to implement FATCA (“the SA IGA”), which was signed on 9 June 2014, has now been ratified by Parliament.
This interview with Mark Danckwerts, KPMG director, explores the Financial Sector Regulation Bill and a recap as to where we are with the Twin Peaks regulation.
In our latest Banking M&A report we share the top 10 trends influencing deal activity this year.
Information Produced by Entity (IPE), why does it matter to auditors?
There is currently a very strong focus on investment in AML/CFT (“Anti Money Laundering” and “Countering the Financing of Terrorism”) controls and functions as banks have been faced with hefty financial penalties internationally.
Information technology has developed in leaps and bounds and seems to be never ending and ever changing. One of these developments is cloud computing.
The demarcation regulations between health insurance products and medical schemes have been postponed by National Treasury and the Department of Health to the second quarter of 2015.
The National Treasury recently published a “the Market Conduct paper”, together with the second draft Financial Sector Regulation Bill (“FSR Bill”).
On 24 July 2014, the IASB issued the final version of its new standard on accounting for financial instruments - IFRS 9 Financial Instruments. This completes a project that was launched in 2008 in response to the financial crisis.
The Retail Distribution Review (RDR) was initiated by the Financial Services Board (FSB) in an attempt to ensure that customers receive fair outcomes when purchasing financial products.
In November 2014, the FSB issued the Retail Distribution Review (“RDR”) paper, outlining the RDR results and the proposed reforms affecting retail customers in South Africa.
The KPMG Insurance practice prides itself in addressing the need for insurance industry-specific accounting, business process, governance and regulatory compliance training.
Mobile payments have long been the hot topic in financial services that generates much media hype but ultimately fails to take off.