When we think of financial crime, few would consider procurement fraud to be one of the most pressing threats facing their business. Yet according to PwC, this form of fraud is the second-most commonly reported economic crime in the world, ranking above bribery, corruption and even cybercrime.
Utility regulators (URs) for the power sector often fail to implement well-designed policies because of legal, operational and political limitations. Continuously improving policy without addressing these limitations will lead to ineffective policy outcomes.
The original 29 March Brexit deadline may have been pushed back until 31 October 2019, but questions still remain about what the UK’s withdrawal from the EU will mean for the future of the economy.
The management of intangible assets (IAs) will determine the wealth of nations, but what cannot be measured cannot be managed. IAs can be defined as non-physical assets that generate income for their owners. This includes software as well as other intellectual capital.
PIN verification will soon become a thing of the past. Thanks to advances in fingerprint biometric technology, the reality of being able to authenticate a payment with a simple touch of the finger is set to explode across the globe. Whilst some countries remain conservative in terms of adopting this technology
Any replacement for the London Inter-bank Offered Rate (LIBOR) will have serious investment, accounting and legal implications for various global stakeholders (SHs). The LIBOR has been the most widely used interest rate in the world.
Climate change will bang on the doors of insurers, and, to adapt, the risk managers of the world are putting their houses in order. Climate change (CC) has very quickly transformed from a topic at research conferences into an adversity experienced by millions of people.
The UK’s retail banking sector has a crucial role to play in ensuring individuals across the UK have access to the finance they need. Consequently, customers require the retail banking industry to be consistent and reliable, a mandate that was left lacking after a report by Which?
Inflation targeting (IT) is a seemingly attractive option for developing countries—or less developed countries (LDCs); but upon closer inspection, IT turns out to be an unwise imitation. The word inflation has been demonized since Alexander del Mar mainstreamed it.
The ability to track and visualise data lineage is becoming increasingly important in financial services. When valuing portfolios or modelling risk, or investigating referential data in regulatory reporting, firms need to trace data back to its source, demonstrate who has looked at it, what quality verification it has undergone and what tests it has passed.