Research & insights

Browse PwC's financial services publications

Global hedge fund distribution survey 2015

December 11, 2015

This report is a collaboration between PwC and the Alternative Investment Management Association (AIMA) and examines disruption in the hedge fund sector.

Banking Banana Skins 2015

December 07, 2015

Banking Banana Skins, sponsored by PwC and conducted by the CSFI, explores what risks bankers face in the current climate and how they prioritise them.

Choosing an investment vehicle: European Real Estate Fund Regimes

December 01, 2015

This booklet seeks to compare more than 30 different types of fund vehicles in 18 European countries in a summary form, by looking at a consistent set of key topics, and noting major pros and cons.

Compare and contrast: Worldwide Real Estate Investment Trust (REIT) Regimes

December 01, 2015

This publication keeps you up to speed and allow you to compare the various global REIT regimes in 26 countries.

Claims: past, present and future

November 26, 2015

This excerpt is taken from the ninth edition of a Survey of Discontinued Insurance Business in Europe.

All set for Pillar 3

October 27, 2015

PwC outlines the requirements for Pillar 3 and how to ensure your business is set up to comply in the most efficient and cost-effective way.

Asset Management 2020 and beyond: Transforming your business for a new global tax world

October 02, 2015

Asset managers need to plan for the future - PwC sets out a vision of what the tax landscape will look like in 2020 and beyond in new report.

Capital Markets Union: integration of Capital Markets in the European Union

September 24, 2015

This report was developed in the context of the European Commission’s initiative to support the development of an operational Capital Markets Union.

RiskMinds 2015

August 11, 2015

PwC, as Principal Sponsor of the RiskMinds International conference for over 20 years, helps lead the debate in global financial services risk.

Project Blue 2.0: Redefining financial services

July 30, 2015

Financial institutions must embrace a customer and regulator centric world to shape their future and prosper. Define purpose and ride new goals.

Alternatives Valuation Study

July 17, 2015

In this report, we present the results from our valuation survey addressing selected valuation practices and the U.S. GAAP ASU 2011-4 disclosures that were included in the 2014 financial statements of hedge funds and private equity funds.

Alternatives Governance Study

July 15, 2015

In this report, we present the results from our Governance survey addressing selected practices for hedge funds and private equity funds around governance.

Alternatives Administration Study

July 15, 2015

In this report, we present the results from our fund administration survey addressing selected practices around the use of third party administrators.

Insurance 2020 & beyond: Equipping your business for the global tax revolution

July 10, 2015

The certainties and demands that have shaped tax management over the past 30 years are being swept aside. Read more in this PwC report.

Structured finance: Global structured finance group

June 28, 2015

The global Structured Finance Group (SFG) is composed of experts located around the globe, including dedicated teams in London, Washington DC, New York and Sydney. The SFG comprises of professionals with extensive knowledge of securitisation and structured finance in all the main jurisdictions around the world.

Alternative Asset Management 2020: Fast Forward to Centre Stage

June 26, 2015

The global alternative asset management industry is expected to experience a period of transformation over the coming years. Are you ready?

Capital flows

June 25, 2015

The movement of capital from East to West is likely to remain the major influence on real estate in 2015. Read more.

Insurance 2020 & beyond: Necessity is the mother of reinvention

June 12, 2015

Insurers and industry stakeholders have been using Insurance 2020 to help them judge the implications of trends reshaping the insurance industry.

Structured finance: Securitisation services to CLOs and CDOs

June 10, 2015

Whether you are setting up your first CLO or a repeat issuer the PwC Structured Finance Group (SFG) can provide you with a range of services which are designed to meet your needs and ensure the transaction is established and continues to run smoothly and efficiently.

Structured finance: Securitisation working with arrangers and managers

June 08, 2015

The Structured Finance Group (SFG) at PwC is a dedicated team of structural finance specialists. The Group offers a wide range of services to investment banks involved in arranging securitisation and structured finance transactions, drawing on years of experience in securitisation and structural finance-related areas in the US and throughout Europe.

Structured finance: Securitisation achieving tax neutrality

June 08, 2015

Ensuring that the tax consequences of a securitisation transaction are known with certainty in relation to both the originator and the issuer is a vital aspect of structuring and implementing the transaction.

Alternative Fund Administration Survey

May 10, 2015

Comprehensive benchmarking study of US hedge, PE and hybrid funds’ relationships with third-party administrators and other outsourcers.

European Alternative Fund Survey

May 10, 2015

Benchmarking study of European hedge and alternative asset management funds’ industry practices and operational strategy.

Traditional Asset Management Survey

May 10, 2015

Benchmarking study of traditional US mutual funds’ industry practices around operations, regulations, technology, governance and strategy.

Hedge Fund Adminstration – The Quest for Profitable Growth

May 10, 2015

Report based on benchmarking study of hedge fund administrative services and growth factors driving this industry segment.

Real Estate Firms IT Systems Study

May 10, 2015

Benchmarking study of real estate investment firms’ IT systems including operations, accounts payable and other areas.

Impact of Bank Structural Reforms in Europe: Report for AFME

December 10, 2014

PwC was commissioned by the Association for Financial Markets in Europe (AFME) to undertake a study of the impacts of proposed banking regulation.

Unlocking value in run-off: PwC Survey of Discontinued Insurance Business in Europe – eighth edition

September 15, 2014

The Survey analyses questionnaire results from over 200 parties across Continental Europe and the UK on issues affecting run-off business.

How are you operating in the New Normal? - FS industry perspectives from the Global Tax Leaders

July 24, 2014

It’s a new global economy: Will the business models of financial services, insurance, banking & asset management industries be relevant, and how should tax directors be planning for the future? Find out:

RiskMinds 2014

July 09, 2014

PwC is the Principal Sponsor of RiskMinds 2014, the world’s largest and most prestigious risk management conference.

Including updates on systemically important asset managers and protecting client money

July 03, 2014

Are asset managers systemically important?; Protecting client money; Waiting for Godot

Insurance 2020: The digital prize – Taking customer connection to a new level

June 26, 2014

Non-life insurers are being left behind by the rapid changes in customer expectations. How can digital innovation help them to engage more closely with customers?

Untying the regulatory knot: Sharpening strategies for regulatory change

May 13, 2014

This PwC publication explains why insurers face a proliferation of game-changing regulation ─ and why the future belongs to those that get on the front foot by preparing for the incoming rules today.

Digital life insurer - Insurance research & insights: PwC

May 01, 2014

Many life and pensions businesses are scrambling to keep pace with the increasing impact of digital in their marketplace. But the ways in which they’re responding are too slow. The latest in the Project Blue: Future of Insurance series explores if there could be a faster, cheaper and more flexible way to grasp the digital potential?

Including updates on crowd funding and G20 summits

April 15, 2014

Crowding out supply-side constraints to investment; G20 summits: do markets care?

Including updates on the Single Resolution Mechanism and FX market investigations

April 03, 2014

Political agreement on SRM; F(i)X market investigations

Real Estate 2020: Building the future

February 24, 2014

As confidence returns to real estate, the industry faces a number of fundamental shifts that will shape its future. We have looked into the likely changes in the real estate landscape over the coming years and identified the key trends which, we believe, will have profound implications for real estate investment and development.

Special issue: Preparing for real change

February 10, 2014

New era for crisis management for banks; Basel Committee brushes up leverage and liquidity rules; Central banking in a world of flux

Asset Management 2020: A Brave New World

February 10, 2014

This PwC report asks, and answers the question: What is the future of the asset management industry and how will you prepare?

Explore the data

January 20, 2014

Explore the underlying data of PwC’s Banking 2020 for the industry’s view on the future of retail banking.

About the survey: Methodology and approach

January 20, 2014

PwC surveyed 560 clients from the world’s leading financial institutions across 17 markets regarding the challenges and opportunities the evolving retail banking marketplace is creating for their institutions and their strategies to respond.

Emerging trends and imperatives

January 20, 2014

PwC’s Banking 2020 lists the key priorities and trends retail banks will need to focus on to be successful in 2020.

Emerging Trends in Real Estate Europe® 2014 - "Real estate returns"

January 14, 2014

PwC and the ULI's survey shows the outlook for European real estate investment, finance and capital markets and trends by city and property sector.

Survey highlights

December 19, 2013

The objective of PwC’s research behind Banking 2020 was to gauge the opinions of senior banking leaders on the possible future shape of the retail banking industry

Key Tax Issues at Year End for Real Estate Investors 2013/2014

December 17, 2013

This PwC publication gives investors and fund managers an overview of year-end to-dos and important issues in real estate taxation in 39 tax systems worldwide.

Including updates on M&A activity and bankers pay

December 06, 2013

Come together right now…over SSM; More money, more problems

Including updates on Benchmarking, EMIR and Solvency II

November 18, 2013

Benchmarking on reform; And their off: countdown to EMIR reporting; Are you ready for Solvency II?

Shaping the future of insurance accounting

November 08, 2013

This paper discusses a new standard for insurance contracts, which is an opportunity to create more consistent and comparable reporting among insurers and to show the value of the insurance business to investors.

Including updates on crowdfunding and MiFID II

October 28, 2013

Regulating Crowdfunding; MiFID II on the horizon: a tectonic shift

Culture, incentives and reward in financial services

September 29, 2013

This PwC Financial Services/Regulation page explains why misaligned incentives and poor culture in financial services contributed to the financial crisis; CRD IV introduces bonus caps.

Conduct and consumer protection in financial services

September 29, 2013

This PwC Financial Services/Regulation page explains why doing the right thing for customers and clients is critically-important for financial services firms.

Securities and derivatives market reform

September 29, 2013

This PwC Financial Services/Regulation page explains how the rules governing securities and derivatives markets have been substantially changed.

Including updates on the G20 summit and shadow banking

September 23, 2013

Much done, more to come: global regulatory reforms; Buffering Money Market Funds; Global response to shadow banks

Don’t make a meal of it: EU regulatory negotiations enter crucial stage

September 16, 2013

EU financial services lawmakers face a staggering autumn workload with twenty nine legal texts currently being negotiated or expected to be tabled by the European Commission (EC) in the near future. To make any progress, legislators will need to prioritise but agreeing these priorities may not be straightforward in all areas. If some dossiers fail to make the priority list, we could end up with in incomplete regulatory regimes, and possibly market distortion, for years to come.

Expanding the potential of ILS

September 04, 2013

How the insurance-linked securities (ILS) sector has the potential to expand the scope of risk transfer by capitalizing on untapped demand.

Reinsurance 2020: Breaking the mould

September 04, 2013

The key considerations for survival and success in a sector facing disruptive and rapidly accelerating change.

Unlocking value in run-off: Survey of Discontinued Insurance Business in Europe – Seventh edition

September 04, 2013

The Survey of Discontinued Insurance analyses results from a cross-section of discontinued and live insurers across Europe and looks at the challenges, objectives and strategies of organizations managing run-off business across Europe.

Including updates on liquidity reporting, EMIR and FICOD

August 12, 2013

Liquidity outflows: How many buckets does it take?; EMIR proposals narrow impact outside of EU; FICOD and CRR

Including updates on letting banks fail, G-SIIs and risk appetite

July 29, 2013

Breaking the taboo: letting banks fail; Hello G-SIIs; Risky business

Including updates on cross-border OTC reforms, AIFMD and bank resolution

July 15, 2013

US and EU regulators strike a deal on regulating cross-border derivatives; Don’t wait ‘til it’s too late: complying with AIFMD; Steps in resolving a Eurozone bank

Insurance Banana Skins 2013

July 10, 2013

Insurance Banana Skins 2013 is piece of research conducted by PwC in association with the Centre for the Study of Financial Innovation (CSFI), an independent think tank. It's a survey of insurers and seeks out their views on current risk and future trends.

Including updates on the leverage ratio, priorities of the Lithuanian Presidency and more

July 08, 2013

Banking on the leverage ratio; No surprises: Lithuanian Presidency outlines its priorities; A rising economy lifts all banks

2013 Global Private Banking and Wealth Management Survey

July 03, 2013

PwC's 2013 Global Private Banking and Wealth Management Survey offers insight into industry trends and strategic priorities for global wealth and asset managers.

The Future of Insurance Reporting

June 20, 2013

This PwC webcast explains why the re-exposure of the insurance contracts standard, recently issued by the IASB, will fundamentally change the accounting by insurers and other entities that issue insurance contracts.

Including updates on pending EU reforms, CRD IV and credit rating agencies

June 10, 2013

Next stop, Vilnius: what FS reforms are coming down the tracks in Europe; Are you still relying on credit ratings?; It’s raining RTSs

Insurance 2020: Unleashing the value from values. Five golden rules for a high performing culture in the insurance industry

June 06, 2013

In a period of unrelenting change, culture can be your greatest ally or your biggest enemy. How can you actively shape your culture and use it to your competitive advantage?

Including updates on MiFID, retail bank accounts and valuing CIS

May 20, 2013

Black smoke on MiFID II; Moving towards a single retail bank account market in Europe; Effectively valuing Collective Investment Schemes

Including updates on CRD IV, financial transaction tax and resolution plans

May 13, 2013

Staying on top of hot topics: FTT and CRD IV; Managing intraday liquidity; Europe and the US lag behind others in Basel III implementation; The long road to resolution

NewsAlert − Real Estate Tax Services Poland: Breakthrough in Polish taxation of foreign investment funds

April 30, 2013

This PwC Real Estate Tax Services NewsAlert discusses the implications of Poland's being among the first countries to implement a corporate income tax exemption for EU/EEA-based investment funds.

Including updates on global systemically important insurers and money market funds

April 22, 2013

Stick to the knitting: systemically important insurers; Wide deviation in supervising MMFs; Clouds still hang over the EU financial system

Including updates on the new UK supervisory structure, AIFMD and CRD IV

April 08, 2013

FSA makes way for ‘twin peaks’ model; Some much-needed clarity provided on AIFMD; Get ready for CRD IV

Including updates on the regulation of non-bank activities and risk management at insurers

March 18, 2013

Beyond traditional banking; Insuring against the low interest rate environment

Including updates on Bankers’ bonuses, the progression of regulatory reforms and MMFs

March 04, 2013

Bankers’ bonuses capped under CRD IV; The progress of financial regulatory reforms; Preparing liquidity standards under CRR; ESRB makes recommendations on MMFs; ESMA recommends EU Code of Conduct for proxy advisor industry

Including updates on the Single Supervisory Mechanism, Client Money and RWAs

February 18, 2013

Making good on SSM; Filling in the gaps: EC propose new anti-money laundering rules; Protecting client money; Variation in Risk Weight Assets

Including updates on the financial transaction tax, suitability of complex products and our annual CEO survey

February 04, 2013

FTT clears first negotiation hurdle; IOSCO finalises global suitability and disclosure principles for intermediaries; State of the financial system: On the front foot

Special edition: Regulating Benchmarks

January 21, 2013

Special edition: Regulating benchmarks- fall-out from the LIBOR and EURIBOR scandal continues

Special edition on the Liquidity Coverage Ratio

January 14, 2013

Special issue: Regulators fine-tune LCR to keep credit flowing

Germany: New tax rules for funds and their investors to accommodate the Alternative Investment Fund Managers Directive (AIFMD)

December 17, 2012

This PwC Real Estate Tax Services Newsalert discusses Germany's Ministry of Finance draft legislation on the tax consequences of the AIFM Directive regarding new tax rules for existing regulated investment funds.

Including updates on the Fed's new approach to regulating foreign subsidiaries, UK/US cooperation on RRPs and OTC derivatives

December 17, 2012

Fed plans to overhaul the regulation of foreign subsidiaries; Bank of England and FDIC agree operational strategies for resolving cross-border banks; ECB gets behind the Recovery and Resolution Directive; International regulators agree to cooperate on OTC regulations; The changing world of central banking

Getting to grips with Pillar 3

December 14, 2012

We explore the strategic and practical issues facing insurers as they implement the Solvency II insurance reporting and disclosure requirements under Pillar 3.

Including updates on LIBOR reform, the Financial Transaction Tax and the Single Supervisory Mechanism

December 03, 2012

ESRB gets behind LIBOR/EURIBOR reforms; Update on the Financial Transaction Tax; Draghi considers how SSM will work

Nine new rules of IT strategy

November 27, 2012

Seeking to sharpen their competitive edge, many asset management companies are refining their business models. They’re placing greater emphasis on investor-facing functions such as marketing and distribution, while developing products for new investor needs. Yet, all too often, IT struggles to support these initiatives – holding back changes that are critical for future business success.

Including updates on CRD IV's progress and the Legal Entity Identifier

November 26, 2012

CRD IV close to completion?; Harnessing the Legal Entity Identifier

EMIR’s strategic implications for European boutiques

November 13, 2012

As Europe’s asset managers prepare for the new over-the-counter (OTC) derivatives regulations, due to be introduced from 1 January 2013, they’re realising that the new regime’s implications go far beyond compliance. By introducing the safety buffer of a central counterparty, the European Market Infrastructure Regulation (EMIR) is driving up costs and might force some boutique managers to look again at their investment propositions.

Including updates on OTC derivative reform, recovery and resolution plans and G-SIFIs

November 12, 2012

FSB sees progress on OTC derivatives; FSB consults on Recovery and Resolution Plans; FSB outlines progress in implementing G-SIFIs framework

Including updates on short selling, Basel III and the new UK regulatory structure

November 05, 2012

Short Selling Regulation comes into force; Unfinished business: global regulatory reform; Basel III implementation progresses; CRD’s impact on SME lending; The dangers of liquidity regulations; The UK’s new approach to financial regulation

Life and pensions: Competing for a future

November 01, 2012

PwC research explores the future of insurance. What are the forces set to shape it? What will the new marketplace look like? How can life and pensions thrive?

Germany: Germany moves towards implementing the Alternative Investment Fund Managers Directive

November 01, 2012

This PwC Real Estate Tax Services Newsalert discusses the German Ministry of Finance's draft for implementing the AIFM Directive into national legislation. The new investment fund law named Kapitalanlagegesetzbuch (KAGB) will cover the entire closed end and open ended fund sector, ie. the Alternatives and UCITS.

Germany: Electronic filing of accounts for German tax purposes under the so-called “E-Bilanz” becomes mandatory

November 01, 2012

This PwC Real Estate Tax Services Newsalert examines the impact of Germany's new standardised electronic tax format on tax payers and the tax return preparation process.

Turkey: Amendment to real estate acquisition limits for foreign citizens

November 01, 2012

This PwC Real Estate Tax Services Newsalert discusses Turkey's Real Estate Reciprocity Law property acquisition rules in a foreign citizen’s home country.

Turkey: Real Estate Transfer Tax increased

November 01, 2012

This PwC Real Estate Tax Services Newsalert looks at Turkey's tax rate for several Real Estate Transactions, in particular for the transfer of real estate property.

Safeguarding asset managers against mounting cyber security threats

October 22, 2012

When asked what was the asset management industry’s greatest unappreciated threat, a senior US hedge fund executive recently told one of our partners that it was cyber criminals hacking into computer systems. Asset managers and their service providers didn’t have sufficient security in place, he said, and this could result in significant financial losses and seriously damage the organisation’s reputation.

Insurance 2020: Turning change into opportunity

October 19, 2012

PwC's Future of Insurance explores both the key drivers of change for the insurance industry and their implications for the insurance business.

Regulation in South Africa may slow asset manager growth

October 10, 2012

In South Africa’s developing asset management industry, new regulations threaten to put a brake on revenue growth, according to local asset managers. While the country’s managers are growing far faster than those in developed markets, a raft of regulatory changes associated largely with local pension fund reforms and enhanced investor protection threaten to stifle the pace of expansion.

UK’s Kay Review advocates long-term, activist model for asset managers

October 10, 2012

When the UK government responds to the Kay Review of UK Equity Markets and Long-Term Decision Making later this autumn, it will focus the minds of asset managers everywhere on fundamental strategic issues. Kay’s central recommendation is that managers should take a longer-term investment approach, learning from the likes of legendary investor Warren Buffett.

Germany: German Ministry of Finance plans to end so-called "RETT Blocker Schemes"

October 01, 2012

This PwC Real Estate Tax Services Newsalert examines the German real estate transfer tax (RETT) law, that makes it is possible to indirectly acquire up to 100% of the shares in a property holding company without triggering RETT. The Ministry of Finance plans to limit this exemption.

Poland: Changes to the Polish Corporate Income Tax Law

October 01, 2012

This PwC Real Estate Tax Services Newsalert discusses a draft amendment to the Polish Corporate Income Tax (‘CIT’) Act , which targets several areas for tax optimisation and includes, in particular, the tax status of a joint stock partnership, new rules on taxation of distributions in-kind, capitalisation provisions and transfer pricing regulations.

Spain: New RETT rules on share deals coming

October 01, 2012

This PwC Real Estate Tax Services Newsalert discusses the Spanish Supreme Court request that the ECJ conclude on Spanish Real Estate Transfer Tax (“RETT”) rules on share deals involving Spanish property rich entities and their compatibility (i) with the VAT Directive, and (ii) with the freedoms of establishment and movement of capital.

Sweden: Sweden proposes to reduce the corporate income tax rate to 22% and apply new Interest Stripping Restrictions from 2013

October 01, 2012

This PwC Real Estate Tax Services Newsalert looks at the Swedish government’s September 2012 budget proposal (for 2013) which proposes both a reduction of the Swedish corporate income tax rate to 22% and amended interest stripping restriction for interest expenses accruing after 31 December 2012.

Including updates on systemic risk, balance sheet repair and short selling

October 01, 2012

ESRB issue first risk dashboard; ESRB calls on banks to repair their balance sheets; Disclosure requirements in the Islamic capital market; ESMA consults on short selling exemptions

Global hedge fund distribution survey 2015

December 11, 2015

This report is a collaboration between PwC and the Alternative Investment Management Association (AIMA) and examines disruption in the hedge fund sector.

Banking Banana Skins 2015

December 07, 2015

Banking Banana Skins, sponsored by PwC and conducted by the CSFI, explores what risks bankers face in the current climate and how they prioritise them.

Choosing an investment vehicle: European Real Estate Fund Regimes

December 01, 2015

This booklet seeks to compare more than 30 different types of fund vehicles in 18 European countries in a summary form, by looking at a consistent set of key topics, and noting major pros and cons.

Compare and contrast: Worldwide Real Estate Investment Trust (REIT) Regimes

December 01, 2015

This publication keeps you up to speed and allow you to compare the various global REIT regimes in 26 countries.

Claims: past, present and future

November 26, 2015

This excerpt is taken from the ninth edition of a Survey of Discontinued Insurance Business in Europe.

All set for Pillar 3

October 27, 2015

PwC outlines the requirements for Pillar 3 and how to ensure your business is set up to comply in the most efficient and cost-effective way.

Asset Management 2020 and beyond: Transforming your business for a new global tax world

October 02, 2015

Asset managers need to plan for the future - PwC sets out a vision of what the tax landscape will look like in 2020 and beyond in new report.

Capital Markets Union: integration of Capital Markets in the European Union

September 24, 2015

This report was developed in the context of the European Commission’s initiative to support the development of an operational Capital Markets Union.

RiskMinds 2015

August 11, 2015

PwC, as Principal Sponsor of the RiskMinds International conference for over 20 years, helps lead the debate in global financial services risk.

Project Blue 2.0: Redefining financial services

July 30, 2015

Financial institutions must embrace a customer and regulator centric world to shape their future and prosper. Define purpose and ride new goals.

Alternatives Valuation Study

July 17, 2015

In this report, we present the results from our valuation survey addressing selected valuation practices and the U.S. GAAP ASU 2011-4 disclosures that were included in the 2014 financial statements of hedge funds and private equity funds.

Alternatives Governance Study

July 15, 2015

In this report, we present the results from our Governance survey addressing selected practices for hedge funds and private equity funds around governance.

Alternatives Administration Study

July 15, 2015

In this report, we present the results from our fund administration survey addressing selected practices around the use of third party administrators.

Insurance 2020 & beyond: Equipping your business for the global tax revolution

July 10, 2015

The certainties and demands that have shaped tax management over the past 30 years are being swept aside. Read more in this PwC report.

Structured finance: Global structured finance group

June 28, 2015

The global Structured Finance Group (SFG) is composed of experts located around the globe, including dedicated teams in London, Washington DC, New York and Sydney. The SFG comprises of professionals with extensive knowledge of securitisation and structured finance in all the main jurisdictions around the world.

Alternative Asset Management 2020: Fast Forward to Centre Stage

June 26, 2015

The global alternative asset management industry is expected to experience a period of transformation over the coming years. Are you ready?

Capital flows

June 25, 2015

The movement of capital from East to West is likely to remain the major influence on real estate in 2015. Read more.

Insurance 2020 & beyond: Necessity is the mother of reinvention

June 12, 2015

Insurers and industry stakeholders have been using Insurance 2020 to help them judge the implications of trends reshaping the insurance industry.

Structured finance: Securitisation services to CLOs and CDOs

June 10, 2015

Whether you are setting up your first CLO or a repeat issuer the PwC Structured Finance Group (SFG) can provide you with a range of services which are designed to meet your needs and ensure the transaction is established and continues to run smoothly and efficiently.

Structured finance: Securitisation working with arrangers and managers

June 08, 2015

The Structured Finance Group (SFG) at PwC is a dedicated team of structural finance specialists. The Group offers a wide range of services to investment banks involved in arranging securitisation and structured finance transactions, drawing on years of experience in securitisation and structural finance-related areas in the US and throughout Europe.

Structured finance: Securitisation achieving tax neutrality

June 08, 2015

Ensuring that the tax consequences of a securitisation transaction are known with certainty in relation to both the originator and the issuer is a vital aspect of structuring and implementing the transaction.

Alternative Fund Administration Survey

May 10, 2015

Comprehensive benchmarking study of US hedge, PE and hybrid funds’ relationships with third-party administrators and other outsourcers.

European Alternative Fund Survey

May 10, 2015

Benchmarking study of European hedge and alternative asset management funds’ industry practices and operational strategy.

Traditional Asset Management Survey

May 10, 2015

Benchmarking study of traditional US mutual funds’ industry practices around operations, regulations, technology, governance and strategy.

Hedge Fund Adminstration – The Quest for Profitable Growth

May 10, 2015

Report based on benchmarking study of hedge fund administrative services and growth factors driving this industry segment.

Real Estate Firms IT Systems Study

May 10, 2015

Benchmarking study of real estate investment firms’ IT systems including operations, accounts payable and other areas.

Impact of Bank Structural Reforms in Europe: Report for AFME

December 10, 2014

PwC was commissioned by the Association for Financial Markets in Europe (AFME) to undertake a study of the impacts of proposed banking regulation.

Unlocking value in run-off: PwC Survey of Discontinued Insurance Business in Europe – eighth edition

September 15, 2014

The Survey analyses questionnaire results from over 200 parties across Continental Europe and the UK on issues affecting run-off business.

How are you operating in the New Normal? - FS industry perspectives from the Global Tax Leaders

July 24, 2014

It’s a new global economy: Will the business models of financial services, insurance, banking & asset management industries be relevant, and how should tax directors be planning for the future? Find out:

RiskMinds 2014

July 09, 2014

PwC is the Principal Sponsor of RiskMinds 2014, the world’s largest and most prestigious risk management conference.

Including updates on systemically important asset managers and protecting client money

July 03, 2014

Are asset managers systemically important?; Protecting client money; Waiting for Godot

Insurance 2020: The digital prize – Taking customer connection to a new level

June 26, 2014

Non-life insurers are being left behind by the rapid changes in customer expectations. How can digital innovation help them to engage more closely with customers?

Untying the regulatory knot: Sharpening strategies for regulatory change

May 13, 2014

This PwC publication explains why insurers face a proliferation of game-changing regulation ─ and why the future belongs to those that get on the front foot by preparing for the incoming rules today.

Digital life insurer - Insurance research & insights: PwC

May 01, 2014

Many life and pensions businesses are scrambling to keep pace with the increasing impact of digital in their marketplace. But the ways in which they’re responding are too slow. The latest in the Project Blue: Future of Insurance series explores if there could be a faster, cheaper and more flexible way to grasp the digital potential?

Including updates on crowd funding and G20 summits

April 15, 2014

Crowding out supply-side constraints to investment; G20 summits: do markets care?

Including updates on the Single Resolution Mechanism and FX market investigations

April 03, 2014

Political agreement on SRM; F(i)X market investigations

Real Estate 2020: Building the future

February 24, 2014

As confidence returns to real estate, the industry faces a number of fundamental shifts that will shape its future. We have looked into the likely changes in the real estate landscape over the coming years and identified the key trends which, we believe, will have profound implications for real estate investment and development.

Special issue: Preparing for real change

February 10, 2014

New era for crisis management for banks; Basel Committee brushes up leverage and liquidity rules; Central banking in a world of flux

Asset Management 2020: A Brave New World

February 10, 2014

This PwC report asks, and answers the question: What is the future of the asset management industry and how will you prepare?

Explore the data

January 20, 2014

Explore the underlying data of PwC’s Banking 2020 for the industry’s view on the future of retail banking.

About the survey: Methodology and approach

January 20, 2014

PwC surveyed 560 clients from the world’s leading financial institutions across 17 markets regarding the challenges and opportunities the evolving retail banking marketplace is creating for their institutions and their strategies to respond.

Emerging trends and imperatives

January 20, 2014

PwC’s Banking 2020 lists the key priorities and trends retail banks will need to focus on to be successful in 2020.

Emerging Trends in Real Estate Europe® 2014 - "Real estate returns"

January 14, 2014

PwC and the ULI's survey shows the outlook for European real estate investment, finance and capital markets and trends by city and property sector.

Survey highlights

December 19, 2013

The objective of PwC’s research behind Banking 2020 was to gauge the opinions of senior banking leaders on the possible future shape of the retail banking industry

Key Tax Issues at Year End for Real Estate Investors 2013/2014

December 17, 2013

This PwC publication gives investors and fund managers an overview of year-end to-dos and important issues in real estate taxation in 39 tax systems worldwide.

Including updates on M&A activity and bankers pay

December 06, 2013

Come together right now…over SSM; More money, more problems

Including updates on Benchmarking, EMIR and Solvency II

November 18, 2013

Benchmarking on reform; And their off: countdown to EMIR reporting; Are you ready for Solvency II?

Shaping the future of insurance accounting

November 08, 2013

This paper discusses a new standard for insurance contracts, which is an opportunity to create more consistent and comparable reporting among insurers and to show the value of the insurance business to investors.

Including updates on crowdfunding and MiFID II

October 28, 2013

Regulating Crowdfunding; MiFID II on the horizon: a tectonic shift

Culture, incentives and reward in financial services

September 29, 2013

This PwC Financial Services/Regulation page explains why misaligned incentives and poor culture in financial services contributed to the financial crisis; CRD IV introduces bonus caps.

Conduct and consumer protection in financial services

September 29, 2013

This PwC Financial Services/Regulation page explains why doing the right thing for customers and clients is critically-important for financial services firms.

Securities and derivatives market reform

September 29, 2013

This PwC Financial Services/Regulation page explains how the rules governing securities and derivatives markets have been substantially changed.

Including updates on the G20 summit and shadow banking

September 23, 2013

Much done, more to come: global regulatory reforms; Buffering Money Market Funds; Global response to shadow banks

Don’t make a meal of it: EU regulatory negotiations enter crucial stage

September 16, 2013

EU financial services lawmakers face a staggering autumn workload with twenty nine legal texts currently being negotiated or expected to be tabled by the European Commission (EC) in the near future. To make any progress, legislators will need to prioritise but agreeing these priorities may not be straightforward in all areas. If some dossiers fail to make the priority list, we could end up with in incomplete regulatory regimes, and possibly market distortion, for years to come.

Expanding the potential of ILS

September 04, 2013

How the insurance-linked securities (ILS) sector has the potential to expand the scope of risk transfer by capitalizing on untapped demand.

Reinsurance 2020: Breaking the mould

September 04, 2013

The key considerations for survival and success in a sector facing disruptive and rapidly accelerating change.

Unlocking value in run-off: Survey of Discontinued Insurance Business in Europe – Seventh edition

September 04, 2013

The Survey of Discontinued Insurance analyses results from a cross-section of discontinued and live insurers across Europe and looks at the challenges, objectives and strategies of organizations managing run-off business across Europe.

Including updates on liquidity reporting, EMIR and FICOD

August 12, 2013

Liquidity outflows: How many buckets does it take?; EMIR proposals narrow impact outside of EU; FICOD and CRR

Including updates on letting banks fail, G-SIIs and risk appetite

July 29, 2013

Breaking the taboo: letting banks fail; Hello G-SIIs; Risky business

Including updates on cross-border OTC reforms, AIFMD and bank resolution

July 15, 2013

US and EU regulators strike a deal on regulating cross-border derivatives; Don’t wait ‘til it’s too late: complying with AIFMD; Steps in resolving a Eurozone bank

Insurance Banana Skins 2013

July 10, 2013

Insurance Banana Skins 2013 is piece of research conducted by PwC in association with the Centre for the Study of Financial Innovation (CSFI), an independent think tank. It's a survey of insurers and seeks out their views on current risk and future trends.

Including updates on the leverage ratio, priorities of the Lithuanian Presidency and more

July 08, 2013

Banking on the leverage ratio; No surprises: Lithuanian Presidency outlines its priorities; A rising economy lifts all banks

2013 Global Private Banking and Wealth Management Survey

July 03, 2013

PwC's 2013 Global Private Banking and Wealth Management Survey offers insight into industry trends and strategic priorities for global wealth and asset managers.

The Future of Insurance Reporting

June 20, 2013

This PwC webcast explains why the re-exposure of the insurance contracts standard, recently issued by the IASB, will fundamentally change the accounting by insurers and other entities that issue insurance contracts.

Including updates on pending EU reforms, CRD IV and credit rating agencies

June 10, 2013

Next stop, Vilnius: what FS reforms are coming down the tracks in Europe; Are you still relying on credit ratings?; It’s raining RTSs

Insurance 2020: Unleashing the value from values. Five golden rules for a high performing culture in the insurance industry

June 06, 2013

In a period of unrelenting change, culture can be your greatest ally or your biggest enemy. How can you actively shape your culture and use it to your competitive advantage?

Including updates on MiFID, retail bank accounts and valuing CIS

May 20, 2013

Black smoke on MiFID II; Moving towards a single retail bank account market in Europe; Effectively valuing Collective Investment Schemes

Including updates on CRD IV, financial transaction tax and resolution plans

May 13, 2013

Staying on top of hot topics: FTT and CRD IV; Managing intraday liquidity; Europe and the US lag behind others in Basel III implementation; The long road to resolution

NewsAlert − Real Estate Tax Services Poland: Breakthrough in Polish taxation of foreign investment funds

April 30, 2013

This PwC Real Estate Tax Services NewsAlert discusses the implications of Poland's being among the first countries to implement a corporate income tax exemption for EU/EEA-based investment funds.

Including updates on global systemically important insurers and money market funds

April 22, 2013

Stick to the knitting: systemically important insurers; Wide deviation in supervising MMFs; Clouds still hang over the EU financial system

Including updates on the new UK supervisory structure, AIFMD and CRD IV

April 08, 2013

FSA makes way for ‘twin peaks’ model; Some much-needed clarity provided on AIFMD; Get ready for CRD IV

Including updates on the regulation of non-bank activities and risk management at insurers

March 18, 2013

Beyond traditional banking; Insuring against the low interest rate environment

Including updates on Bankers’ bonuses, the progression of regulatory reforms and MMFs

March 04, 2013

Bankers’ bonuses capped under CRD IV; The progress of financial regulatory reforms; Preparing liquidity standards under CRR; ESRB makes recommendations on MMFs; ESMA recommends EU Code of Conduct for proxy advisor industry

Including updates on the Single Supervisory Mechanism, Client Money and RWAs

February 18, 2013

Making good on SSM; Filling in the gaps: EC propose new anti-money laundering rules; Protecting client money; Variation in Risk Weight Assets

Including updates on the financial transaction tax, suitability of complex products and our annual CEO survey

February 04, 2013

FTT clears first negotiation hurdle; IOSCO finalises global suitability and disclosure principles for intermediaries; State of the financial system: On the front foot

Special edition: Regulating Benchmarks

January 21, 2013

Special edition: Regulating benchmarks- fall-out from the LIBOR and EURIBOR scandal continues

Special edition on the Liquidity Coverage Ratio

January 14, 2013

Special issue: Regulators fine-tune LCR to keep credit flowing

Germany: New tax rules for funds and their investors to accommodate the Alternative Investment Fund Managers Directive (AIFMD)

December 17, 2012

This PwC Real Estate Tax Services Newsalert discusses Germany's Ministry of Finance draft legislation on the tax consequences of the AIFM Directive regarding new tax rules for existing regulated investment funds.

Including updates on the Fed's new approach to regulating foreign subsidiaries, UK/US cooperation on RRPs and OTC derivatives

December 17, 2012

Fed plans to overhaul the regulation of foreign subsidiaries; Bank of England and FDIC agree operational strategies for resolving cross-border banks; ECB gets behind the Recovery and Resolution Directive; International regulators agree to cooperate on OTC regulations; The changing world of central banking

Getting to grips with Pillar 3

December 14, 2012

We explore the strategic and practical issues facing insurers as they implement the Solvency II insurance reporting and disclosure requirements under Pillar 3.

Including updates on LIBOR reform, the Financial Transaction Tax and the Single Supervisory Mechanism

December 03, 2012

ESRB gets behind LIBOR/EURIBOR reforms; Update on the Financial Transaction Tax; Draghi considers how SSM will work

Nine new rules of IT strategy

November 27, 2012

Seeking to sharpen their competitive edge, many asset management companies are refining their business models. They’re placing greater emphasis on investor-facing functions such as marketing and distribution, while developing products for new investor needs. Yet, all too often, IT struggles to support these initiatives – holding back changes that are critical for future business success.

Including updates on CRD IV's progress and the Legal Entity Identifier

November 26, 2012

CRD IV close to completion?; Harnessing the Legal Entity Identifier

EMIR’s strategic implications for European boutiques

November 13, 2012

As Europe’s asset managers prepare for the new over-the-counter (OTC) derivatives regulations, due to be introduced from 1 January 2013, they’re realising that the new regime’s implications go far beyond compliance. By introducing the safety buffer of a central counterparty, the European Market Infrastructure Regulation (EMIR) is driving up costs and might force some boutique managers to look again at their investment propositions.

Including updates on OTC derivative reform, recovery and resolution plans and G-SIFIs

November 12, 2012

FSB sees progress on OTC derivatives; FSB consults on Recovery and Resolution Plans; FSB outlines progress in implementing G-SIFIs framework

Including updates on short selling, Basel III and the new UK regulatory structure

November 05, 2012

Short Selling Regulation comes into force; Unfinished business: global regulatory reform; Basel III implementation progresses; CRD’s impact on SME lending; The dangers of liquidity regulations; The UK’s new approach to financial regulation

Life and pensions: Competing for a future

November 01, 2012

PwC research explores the future of insurance. What are the forces set to shape it? What will the new marketplace look like? How can life and pensions thrive?

Germany: Germany moves towards implementing the Alternative Investment Fund Managers Directive

November 01, 2012

This PwC Real Estate Tax Services Newsalert discusses the German Ministry of Finance's draft for implementing the AIFM Directive into national legislation. The new investment fund law named Kapitalanlagegesetzbuch (KAGB) will cover the entire closed end and open ended fund sector, ie. the Alternatives and UCITS.

Germany: Electronic filing of accounts for German tax purposes under the so-called “E-Bilanz” becomes mandatory

November 01, 2012

This PwC Real Estate Tax Services Newsalert examines the impact of Germany's new standardised electronic tax format on tax payers and the tax return preparation process.

Turkey: Amendment to real estate acquisition limits for foreign citizens

November 01, 2012

This PwC Real Estate Tax Services Newsalert discusses Turkey's Real Estate Reciprocity Law property acquisition rules in a foreign citizen’s home country.

Turkey: Real Estate Transfer Tax increased

November 01, 2012

This PwC Real Estate Tax Services Newsalert looks at Turkey's tax rate for several Real Estate Transactions, in particular for the transfer of real estate property.

Safeguarding asset managers against mounting cyber security threats

October 22, 2012

When asked what was the asset management industry’s greatest unappreciated threat, a senior US hedge fund executive recently told one of our partners that it was cyber criminals hacking into computer systems. Asset managers and their service providers didn’t have sufficient security in place, he said, and this could result in significant financial losses and seriously damage the organisation’s reputation.

Insurance 2020: Turning change into opportunity

October 19, 2012

PwC's Future of Insurance explores both the key drivers of change for the insurance industry and their implications for the insurance business.

Regulation in South Africa may slow asset manager growth

October 10, 2012

In South Africa’s developing asset management industry, new regulations threaten to put a brake on revenue growth, according to local asset managers. While the country’s managers are growing far faster than those in developed markets, a raft of regulatory changes associated largely with local pension fund reforms and enhanced investor protection threaten to stifle the pace of expansion.

UK’s Kay Review advocates long-term, activist model for asset managers

October 10, 2012

When the UK government responds to the Kay Review of UK Equity Markets and Long-Term Decision Making later this autumn, it will focus the minds of asset managers everywhere on fundamental strategic issues. Kay’s central recommendation is that managers should take a longer-term investment approach, learning from the likes of legendary investor Warren Buffett.

Germany: German Ministry of Finance plans to end so-called "RETT Blocker Schemes"

October 01, 2012

This PwC Real Estate Tax Services Newsalert examines the German real estate transfer tax (RETT) law, that makes it is possible to indirectly acquire up to 100% of the shares in a property holding company without triggering RETT. The Ministry of Finance plans to limit this exemption.

Poland: Changes to the Polish Corporate Income Tax Law

October 01, 2012

This PwC Real Estate Tax Services Newsalert discusses a draft amendment to the Polish Corporate Income Tax (‘CIT’) Act , which targets several areas for tax optimisation and includes, in particular, the tax status of a joint stock partnership, new rules on taxation of distributions in-kind, capitalisation provisions and transfer pricing regulations.

Sweden: Sweden proposes to reduce the corporate income tax rate to 22% and apply new Interest Stripping Restrictions from 2013

October 01, 2012

This PwC Real Estate Tax Services Newsalert looks at the Swedish government’s September 2012 budget proposal (for 2013) which proposes both a reduction of the Swedish corporate income tax rate to 22% and amended interest stripping restriction for interest expenses accruing after 31 December 2012.

Spain: New RETT rules on share deals coming

October 01, 2012

This PwC Real Estate Tax Services Newsalert discusses the Spanish Supreme Court request that the ECJ conclude on Spanish Real Estate Transfer Tax (“RETT”) rules on share deals involving Spanish property rich entities and their compatibility (i) with the VAT Directive, and (ii) with the freedoms of establishment and movement of capital.

Including updates on systemic risk, balance sheet repair and short selling

October 01, 2012

ESRB issue first risk dashboard; ESRB calls on banks to repair their balance sheets; Disclosure requirements in the Islamic capital market; ESMA consults on short selling exemptions

Risk minds
PwC was the principal sponsor of the Risk Minds 2012 conference, and our theme for last year's event was "Managing towards a new banking equilibrium".