In brief In brief: IASB issues discussion paper on macro hedging (No. 2014-06) 4/18/14 | Assurance services The IASB issued a discussion paper on accounting for dynamic risk management strategies on open portfolios.
Breaking the rules: Achieving breakthrough innovation in financial services 4/15/14 | Financial Services Institute Financial institutions can no longer grow through cost cutting and reengineering alone. Read on to learn how breakthrough innovation can help leading organizations gain a competitive advantage.
Cure for the Common Culture: Building Effective Risk Cultures at Financial Institutions 4/15/14 | Financial Services Institute What are the best ways for financial services firms to establish an effective risk culture? We share some tips to keep your culture clean and clear of regulatory risk.
Workforce of the future: How strategic workforce planning can help financial institutions today, tomorrow, and beyond 4/7/14 | Financial Services Institute Top-performing teams don’t happen by accident; they’re built to support an organization’s strategy and culture. Do you have the people who can make your strategy happen?
Turning frowns upside down: How financial institutions can transform complaints into a competitive advantage 3/31/14 | Financial Services Institute When things go wrong, word travels fast. But, if financial institutions resolve the issue quickly, customers tend to stay. A strong complaint management program is key.
The art of letting go: Middle- and back-office right-sourcing options for insurance investment management 3/31/14 | Financial Services Institute Insurers can transform their investment management middle- and back-office functions to gain a competitive advantage. Which right-sourcing approach will work for you?
Valuation multiples and purchase allocation trends 2/27/14 | Transaction services What are the latest comparable statistics for mergers and acquisitions and active trades in the financial services industry? Check out PwC's quarterly valuation summaries for the Banking, Insurance and Asset Management sectors. Insights include: trends in market multiples, related transactions, and transaction benchmarking analysis.
Making a statement: Transforming insurance billing to gain a competitive edge 2/18/14 | Financial Services Institute Leading insurers approach the billing process strategically, viewing it as an opportunity to improve the customer experience and build loyalty.
US and global information reporting and withholding: Looking ahead to 2014 and beyond 2/10/14 | US tax services This Tax Insight serves as a high-level primer of information reporting and withholding requirements for 2014 and beyond.
Financial Services: 2013 SEC comment letter trends 1/30/14 | Financial services This paper discusses the SEC staff’s comment letters issued over the past few years to registrants within the financial services industry and the identified trends of hot topic areas.
Return to spender: How financial institutions can better understand their IT investments and get more out of them. 1/21/14 | Financial Services Institute Financial institutions have spent heavily to improve their technology capabilities but are still left questioning the value they are getting from IT.
Webcast SEC comment letter trends webcasts: Products & services (November 21) and Financial Services (December 4) industry trends 12/2/13 These webcasts feature Wayne Carnall, PwC partner and former Chief Accountant in the Division of Corporate Finance of the SEC, from 2007-2011. One webcast discusses trends impacting Product & Services sectors and the other is focused on Financial Services industries.
Where have you been all my life? How the financial services industry can unlock the value in Big Data 11/11/13 | Financial Services Institute Rapidly accessing and processing increasingly large volumes of data derived from various sources is a major challenge for financial institutions. What makes Big Data different from traditional data management?
Significant others: How financial institutions can effectively manage the risks of third-party relationships 9/24/13 | Financial Services Institute Security incidents at financial institutions attributed to partners and vendors rose to 18% in 2012. Although improvements to strengthen third-party risk management (TPRM) have been made, PwC has found that most institutions still need to apply a risk-based approach to their vendor reviews.
Broker-dealers: New FOCUS on financial responsibility 9/12/13 | Financial services regulatory practice The SEC finalized two new rules for tightening controls over broker-dealers holding customer funds and securities.
Identity Theft Regulation: Are you under the SEC/CFTC microscope? 9/12/13 | Financial services regulatory practice Impacted organizations are beginning to finalize their approach to a joint SEC/CFTC rule for preventing identity theft.
Derivatives: Global convergence becomes global confusion 9/9/13 | Financial services regulatory practice The CFTC offers a road map and timeline for cross border derivatives regulation, but much uncertainty remains.
Let’s make a difference: Managing compliance and operational risk in the new environment 8/30/13 | Financial Services Institute How can banks manage compliance and operational risk in a changing regulatory landscape?
Stress testing: Getting to credibility - Firms between $10 and $50 billion 8/30/13 | Financial services regulatory practice Analysis of the banking regulators' guidance on the Dodd Frank Act's stress testing requirements for firms between $10 and $50 billion.
Money market funds: The SEC’s long awaited proposal 8/6/13 | Financial services regulatory practice The SEC recently issued a proposed rule that would fundamentally alter money market fund regulation and disclosure.
Heightened leverage ratio: US regulators unveil next act for regulating large banks – a long way until the end 7/24/13 | Financial services regulatory practice US regulators issued a Notice of Proposed Rule-making calling for a Revised Supplementary Leverage Ratio for the eight most systemically significant US banking organizations.
Strategic Cost Management for Mortgage Lenders and Consumer Finance 7/24/13 | Banking & capital markets This paper discusses four critical elements that should be considered if an organization is to deliver sustainable cost reduction through transforming its expense base.
The right stuff: How financial services institutions can use talent assessments to improve returns on human capital 7/24/13 | Financial Services Institute With a shortage of the right and available talent in the financial services industry, institutions need to implement strategic talent decisions to fill the gaps and meet business goals.
Foreign banks: Hope is not a strategy – Time to act 7/18/13 | Financial services regulatory practice In December 2012, the Federal Reserve published a NPR describing how the Enhanced Prudential Standards under Dodd-Frank would be applied to foreign banking organizations.
Model risk mitigation and cost reduction through effective documentation 7/11/13 | Financial services regulatory practice This A Closer Look discusses regulatory requirements and leading practices around model documentation, and how high-quality documentation can help mitigate model risk and reduce model-related costs.
Clouds in the forecast: Cloud - necessary component of data center consolidation and IT agility 7/11/13 | Financial Services Institute The cloud environment has the potential to propel IT agility to new heights and fulfil the role of technology as a strategic enabler.
US regulatory outlook – second half of 2013: Final enhanced prudential standards and Basel III rules 7/10/13 | Financial services regulatory practice This Regulatory Brief provides (a) the “regulatory scorecard” for 2013 and (b) our view of the Basel III and enhanced prudential standards rulemakings that will occur over the rest of 2013.
Mending the gender gap: Advancing tomorrow's women leaders in financial services 6/13/13 | Financial services Women continue to dramatically lag behind their male counterparts in leadership roles. PwC has developed a strategy for financial institutions to create and retain a strong pipeline of female talent.
It takes two to tango: Managing technology risk is now a business priority 6/13/13 | Financial Services Institute Putting technology risk management on the business agenda today can safeguard and potentially improve business value, brand, and reputation.
Money market funds: SEC proposes new rules 6/12/13 | Financial services regulatory practice The SEC voted unanimously to propose new rules intended to reform money market funds.
Swaps Pushout: FBOs get needed relief - Level playing field for foreign banks 6/10/13 | Financial services regulatory practice On June 5, 2013, the Federal Reserve Board approved an interim final rule (with request for comment by August 4, 2013) on the treatment of uninsured US branches and agencies of foreign banks under section 716 of the Dodd-Frank Act - the so-called Swaps Pushout rule.
Derivatives: SEFs - Opening bell sounds 6/7/13 | Financial services regulatory practice This FS Regulatory Brief describes this new regulatory environment for mandatory electronic swaps trading and highlights considerations for the buy-side and sell-side.
Nonbank SIFIs: FSOC proposes initial designations - more names to follow 6/6/13 | Financial services regulatory practice On June 3rd, the Financial Stability Oversight Council met in a closed session and voted to provide written notice to three major US nonbank financial companies of the Council’s proposal to deem them as systemically important.
The price isn't right: How to better understand your IT investment and get more out of it 6/5/13 | Financial Services Institute To achieve their expected ROI, insurers should improve their IT value ecosystem by adopting an integrated framework designed to help them manage their IT investments.
The widespread reach of FATCA: How will it affect your business? 5/30/13 | Financial services Understanding its impact and the path forward for nonfinancial multinational businesses.
SEC’s Take on Cross-Border Derivatives Rules – Catalyst for global moderation or unwelcome complication? 5/23/13 | Financial services regulatory practice This FS Regulatory Brief focuses on (a) the broad principles underlying the SEC and CFTC releases, with a focus on the obligations of dealers; (b) the primary discrepancies between the two regulators' approaches to cross-border transactions and substituted compliance; (c) whether (and the extent to which) the SEC proposal may shape final CFTC cross-border rules and guidance or simply complicate the picture; and (d) operational implications of the dueling proposals and what institutions should be doing now.
The evolution of model risk management 5/15/13 | Financial services regulatory practice This A Closer Look discusses what the new model risk management guidance means holistically for banks and provides a high-level roadmap for evolving the model risk management function.
US Financial Regulatory Reform: Key Dates 5/15/13 | Financial services regulatory practice This timeline of US financial regulatory reform summarizes final rules and notices of proposed rules for major regulatory topics including Derivatives, Basel III, Volcker, and more.
Resolution Planning -- New guidance, more time, no specificity 4/26/13 | Financial services regulatory practice This FS Regulatory Brief (a) analyzes the guidance’s key points, and (b) offers our view that further written regulatory detail is unlikely to be provided in the near term because of the guidance’s link to the Too Big To Fail debate in Washington and because of lack of agreement between the regulators.
10Minutes 10Minutes on derivatives reform for non-financial services companies 12/7/12 | Assurance services For non-financial services companies, regulations introduced by the Dodd-Frank Wall Street Reform and Consumer Protection Act and Basel III will result in significant changes to the derivatives market. Every aspect of a corporation using derivative to manage risk will ultimately be affected—from risk strategies and corporate funding to operations and accounting. This 10Minutes provides insight on the impacts of new regulation on corporate entities and what those entities need to do now in order to meet impending reform deadlines and ensure they're well equipped to manage increased costs and compliance responsibilities.
CFOdirect featured topics
Accounting & reporting