KPMG has been appointed as the Worldwide Barclays Group auditor and consequently we are required, by International Auditing Standards Independence rules, to terminate our long standing banking relationship with the ABSA Group.
The draft King IV Report on Corporate Governance for South Africa 2016 (Draft King IV) issued by the Institute of Directors in Southern Africa (IODSA) was released for public comment on 15 March 2016.
The EAC is a standardised disclosure methodology that can be used by consumers and advisors to compare charges on most retail investment products, and their impact on investment returns.
The Minister of Finance, Pravin Gordhan’s 2016 budget speech reiterated South Africa’s unwavering commitment to combating tax evasion on a global level.
The National Treasury recently published a “the Market Conduct paper”, together with the second draft Financial Sector Regulation Bill (“FSR Bill”).
On the 9th February 2016, the South African Reserve Bank (SARB) issued Guidance note 2/2016, in which it indicated its flavour of the year topics.
In this latest edition of Evolving Banking Regulation, we focus on the commercial and regulatory pressures affecting banks in the conduct and culture space.
Regulatory and reporting requirements are likely to be very high on management’s agenda for the foreseeable future, taking considerable time, budget and resources across the organisation.
KPMG offers insurance training courses are designed to be relevant to the industry at large.
We invite you to a presentation on the National Credit Act (“NCA”) in the Retail Industry and insights that have been gathered on this topical issue.
The Basel Committee on Banking Supervision issued Guidelines: Corporate governance principles for banks dated July 2015 (‘Basel guidelines’).
While insurance executives overwhelmingly know that innovation will drive future competitive advantage and growth, most seem to be struggling to kindle the spark within their organisation.
In April 2014 the Financial Services Board (“FSB”) released its Solvency Assessment and Management (“SAM”) update letter.
The South African energy industry is being transformed by the Department of Energy’s (DoE) Renewable Energy Independent Power Producer Procurement Programme (REIPPPP).
Social media has changed the way consumers seek information, how brand and product awareness are generated, and how friends, companies and governments interact.