Regulators
Reinsurers’ IFRS 17 struggles are a reminder that one size does not fit all
The IASB issued IFRS 17 in a bid to standardize insurance contract accounting, but reinsurance firms, because of their particular idiosyncrasies, will struggle to comply. Unless the IASB makes significant modifications to the standard, reinsurers…
For growing FinTechs, risk technology will be a must to appease tougher regulators
In striving for growth, many FinTech firms enter different markets with solutions that use the same underlying technology. As highlighted by recent AML-related issues, however, this technology is seldom regulation-friendly. To withstand deeper inbound…
The IFRS lull: firms must end box-ticking and start hand-shaking
A relative lull in transformative IFRS-related system implementations means that financial firms can relax a little. But not too much: now is the time to work strategically with other players to create real value from IFRS compliance.
The Rhode to ruin? Why stock-drop lawsuits threaten cyber security
A lawsuit against Google’s parent Alphabet threatens broader data security. Regulators should provide clarity on breach disclosure timelines; financial services institutions and suppliers should welcome it.
