Open banking: a game changer for business and operating models
This article was prepared together with Markus Lamest and Elma Memic. The Covid-19 pandemic hit the worldwide banking industry when it was already experiencing a turning point in terms of its business and operating models. Banks haven’t faced this opportunity and need for change in centuries. More than ever before, customers expect a service experience adapte […]
Regulating financial instruments during Covid-19
This article has been written together with Thor-Hagen SCHELLER. Lately, business as usual has become crisis management. By assessing Covid-19’s impact on risk, market participants are trying to maintain operational resiliency and regulatory risk mitigation. It is possible that available resources will decrease, translating into decreased personnel shoulderin […]
Implications on banks’ risk management
The article was originally published on kpmg.com by Fabiano Gobbo, Global Financial Risk Management Leader and Head of Financial Risk Management for KPMG in Italy. Banking is being hit hard by daily pivoting market conditions and deteriorating credit quality among others, marking unprecedented times for Chief Risk Officers (CRO), risk functions and the business […]Covid-19’s impact on financial reporting – Expected credit losses as at 31 December 2019
The global spread of Covid-19 (Coronavirus) will undoubtedly have long-lasting effects on economic activity. Although it’s impossible to assess the full economic ramifications today, there are many areas for which the implications are more immediate—including in accounting and the new IFRS9 impairment models for expected credit losses. The IFRS9 impairmen […]
Corporate risk management – a fresh perspective
Until recently, the “too big to fail” category belonged solely to banks. However, as more and more external market forces change the business environment, a new industry group is seen entering that territory: corporate business. Given this, are corporates doing enough to withstand the pressures of change? Businesses that don’t dynamically respond to […]
