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?

Real estate’s ‘battle for assets’

June 02, 2014

The battle for prime real estate assets is going global as institutional and sovereign wealth fund capital, much of it from Asia, floods back. As a result, many investors are seeking value further up the risk curve, looking beyond the core cities and conventional asset classes.

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?

Asset management’s game changers for growth

April 07, 2014

Asset management is poised for significant expansion over the rest of the decade, according to the research undertaken as part of our newly released report, Asset Management 2020: A Brave New World, which predicts that global assets under management (AuM) will rise to around $101.7 trillion by 2020, from a 2012 total of $63.9 trillion.

How mega trends will change real estate investment by 2020

April 07, 2014

Rapid urbanisation and demographic changes, especially within emerging markets, will lead to substantial growth in the real estate investment industry over the next six years, as explained in our newly released report: Real Estate 2020: Building the future. At the same time as the industry's opportunities grow, so too will assets invested into the sector.

Including updates on the Single Resolution Mechanism and FX market investigations

April 03, 2014

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

Asset management CEOs are investing for growth

February 26, 2014

Asset management CEOs are preparing for growth. They’re becoming more confident, taking heart from both rising equity markets and the growing demand for their services.

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?

Pressure builds for private equity outsourcing

January 29, 2014

Against a backdrop of extensive regulatory and market change, many private equity firms are under mounting pressure to deliver greater transparency, better reporting and tighter accounting controls.

QDLP: China’s new market for hedge fund managers

January 29, 2014

At long last, the Qualified Domestic Limited Partnership (QDLP) program in Shanghai has been implemented. The first batch of six hedge fund managers has been approved to participate into the program. They have started setting up the wholly foreign-owned fund management companies (“Onshore FMC”), as well as beginning RMB fund raising.

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?

US retail alternatives: Ten significant touch points for success

November 14, 2013

A world away from their historic market of institutional and high-net-worth investors, a new growth opportunity is opening up for US alternative investment managers. Retail investors are beginning to place their savings in alternative mutual funds and, if the trend continues, they’re likely to fuel an increasingly large proportion of hedge and private equity managers’ profit growth.

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

Real estate links sustainability and shareholder value

October 24, 2013

Real estate investors are getting greener and they’re keen to show it. Recognising that environmental, social and governance performance can boost buildings’ rents and values ― optimising the balance between risk and return ― growing numbers of real estate companies and fund managers are incorporating sustainability practices into day-to-day decision making and due diligence.

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.

Avoiding fund governance’s mounting risks

September 03, 2013

Effective fund governance is becoming increasingly important. Following the financial crisis, regulators and investors focused on the conflict of interest between an asset management company’s desire to maximise its own profits, and its duty to maximise fund returns.

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

Opportunities in ETFs’ next phase of growth and innovation

August 07, 2013

As ETFs mark the 20th anniversary of their 1993 invention, their growth story appears to be only beginning. Greater investor appreciation of their simplicity and cost effectiveness, as well as expanding global markets and distribution channels, is fuelling further demand for ETFs.

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

Wealth management’s four areas of transformation

July 19, 2013

Wealth managers are in a period of transformation. Slow growth, new regulation and short-term margin pressure are causing them to make fundamental changes to their businesses, ranging from how they approach clients to the efficiency of operating models.

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.

Time for asset managers to embrace social media

July 02, 2013

While social media use explodes, asset managers are proving slow to follow their customers onto these networks. Already Facebook, LinkedIn, Twitter and YouTube are influencing savers’ investing decisions. In future, social media may lead to fundamental changes in investment practice, and how investors interact with their asset managers. Yet many asset managers are taking a ‘wait-and-see approach’.

Hong Kong’s new route into China’s fast-growing fund market

July 02, 2013

China’s gradual opening of its market to the freer flow of capital will provide a massive boon to fund managers globally.

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?

Three ways to gain from implementing AIFMD efficiently

June 04, 2013

With the AIFMD requiring compliance from 22 July 2013 or 2014(depending on the EU member state in question), fund managers are looking into what they need to do, given the time it may take to embed changes in their businesses. In order to turn obligation into opportunity, even at this late stage, preparing for the Directive efficiently will give managers the flexibility to comply in the way that will bring greatest benefit to their business.

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

Final FATCA regulations give asset managers some relief

March 11, 2013

When the long-awaited final Foreign Account Tax Compliant Act (FATCA) regulations arrived in late January, they provided welcome clarity for the asset management industry. In the final analysis, a number of changes were made in response to industry concerns that should be helpful as implementation of FATCA proceeds.

Real estate optimism grows for 2013

March 07, 2013

After a Darwinian struggle for survival by many European and US real estate companies in the past five years, the prospects are getting brighter, according to the Emerging Trends in Real Estate® surveys recently published by PwC and the Urban Land Institute (ULI). In Asia, where prospects have been more buoyant in last few years, survey respondents were also positive about 2013.

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

Preparing for AIFMD’s strategic challenges and opportunities

February 26, 2013

As the July 2013 deadline for the AIFMD’s implementation approaches, its far-reaching implications are becoming clearer. What might initially have appeared to be a testing exercise in regulatory compliance and reporting will evidently have a significant effect on the alternative investment sector. While the Directive will undoubtedly open up new possibilities for raising capital in Europe, it may also change the shape of the alternative investment sector.

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

Top 10 impacts of regulation on asset managers

January 11, 2013

The wave of new financial services regulations is causing deep changes in the asset management industry, heralding a period of transformation that will threaten some business models’ profitability.

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.

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?

Real estate’s ‘battle for assets’

June 02, 2014

The battle for prime real estate assets is going global as institutional and sovereign wealth fund capital, much of it from Asia, floods back. As a result, many investors are seeking value further up the risk curve, looking beyond the core cities and conventional asset classes.

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?

Asset management’s game changers for growth

April 07, 2014

Asset management is poised for significant expansion over the rest of the decade, according to the research undertaken as part of our newly released report, Asset Management 2020: A Brave New World, which predicts that global assets under management (AuM) will rise to around $101.7 trillion by 2020, from a 2012 total of $63.9 trillion.

How mega trends will change real estate investment by 2020

April 07, 2014

Rapid urbanisation and demographic changes, especially within emerging markets, will lead to substantial growth in the real estate investment industry over the next six years, as explained in our newly released report: Real Estate 2020: Building the future. At the same time as the industry's opportunities grow, so too will assets invested into the sector.

Including updates on the Single Resolution Mechanism and FX market investigations

April 03, 2014

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

Asset management CEOs are investing for growth

February 26, 2014

Asset management CEOs are preparing for growth. They’re becoming more confident, taking heart from both rising equity markets and the growing demand for their services.

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?

Pressure builds for private equity outsourcing

January 29, 2014

Against a backdrop of extensive regulatory and market change, many private equity firms are under mounting pressure to deliver greater transparency, better reporting and tighter accounting controls.

QDLP: China’s new market for hedge fund managers

January 29, 2014

At long last, the Qualified Domestic Limited Partnership (QDLP) program in Shanghai has been implemented. The first batch of six hedge fund managers has been approved to participate into the program. They have started setting up the wholly foreign-owned fund management companies (“Onshore FMC”), as well as beginning RMB fund raising.

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?

US retail alternatives: Ten significant touch points for success

November 14, 2013

A world away from their historic market of institutional and high-net-worth investors, a new growth opportunity is opening up for US alternative investment managers. Retail investors are beginning to place their savings in alternative mutual funds and, if the trend continues, they’re likely to fuel an increasingly large proportion of hedge and private equity managers’ profit growth.

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

Real estate links sustainability and shareholder value

October 24, 2013

Real estate investors are getting greener and they’re keen to show it. Recognising that environmental, social and governance performance can boost buildings’ rents and values ― optimising the balance between risk and return ― growing numbers of real estate companies and fund managers are incorporating sustainability practices into day-to-day decision making and due diligence.

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.

Avoiding fund governance’s mounting risks

September 03, 2013

Effective fund governance is becoming increasingly important. Following the financial crisis, regulators and investors focused on the conflict of interest between an asset management company’s desire to maximise its own profits, and its duty to maximise fund returns.

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

Opportunities in ETFs’ next phase of growth and innovation

August 07, 2013

As ETFs mark the 20th anniversary of their 1993 invention, their growth story appears to be only beginning. Greater investor appreciation of their simplicity and cost effectiveness, as well as expanding global markets and distribution channels, is fuelling further demand for ETFs.

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

Wealth management’s four areas of transformation

July 19, 2013

Wealth managers are in a period of transformation. Slow growth, new regulation and short-term margin pressure are causing them to make fundamental changes to their businesses, ranging from how they approach clients to the efficiency of operating models.

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.

Time for asset managers to embrace social media

July 02, 2013

While social media use explodes, asset managers are proving slow to follow their customers onto these networks. Already Facebook, LinkedIn, Twitter and YouTube are influencing savers’ investing decisions. In future, social media may lead to fundamental changes in investment practice, and how investors interact with their asset managers. Yet many asset managers are taking a ‘wait-and-see approach’.

Hong Kong’s new route into China’s fast-growing fund market

July 02, 2013

China’s gradual opening of its market to the freer flow of capital will provide a massive boon to fund managers globally.

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?

Three ways to gain from implementing AIFMD efficiently

June 04, 2013

With the AIFMD requiring compliance from 22 July 2013 or 2014(depending on the EU member state in question), fund managers are looking into what they need to do, given the time it may take to embed changes in their businesses. In order to turn obligation into opportunity, even at this late stage, preparing for the Directive efficiently will give managers the flexibility to comply in the way that will bring greatest benefit to their business.

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

Final FATCA regulations give asset managers some relief

March 11, 2013

When the long-awaited final Foreign Account Tax Compliant Act (FATCA) regulations arrived in late January, they provided welcome clarity for the asset management industry. In the final analysis, a number of changes were made in response to industry concerns that should be helpful as implementation of FATCA proceeds.

Real estate optimism grows for 2013

March 07, 2013

After a Darwinian struggle for survival by many European and US real estate companies in the past five years, the prospects are getting brighter, according to the Emerging Trends in Real Estate® surveys recently published by PwC and the Urban Land Institute (ULI). In Asia, where prospects have been more buoyant in last few years, survey respondents were also positive about 2013.

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

Preparing for AIFMD’s strategic challenges and opportunities

February 26, 2013

As the July 2013 deadline for the AIFMD’s implementation approaches, its far-reaching implications are becoming clearer. What might initially have appeared to be a testing exercise in regulatory compliance and reporting will evidently have a significant effect on the alternative investment sector. While the Directive will undoubtedly open up new possibilities for raising capital in Europe, it may also change the shape of the alternative investment sector.

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

Top 10 impacts of regulation on asset managers

January 11, 2013

The wave of new financial services regulations is causing deep changes in the asset management industry, heralding a period of transformation that will threaten some business models’ profitability.

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.

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".