Regulatory/Compliance

Getting fit for the future: the new reality of asset management

Changing business and operating models With the arrival of Covid-19, companies were forced to innovate…fast, finding new ways of getting things done to replace old methods that no longer worked. There were production and regulatory deadlines to meet. Operating models had to be adapted overnight so people across different supply chains and countries could w […]
2

CSSF Circular 20/750 implements EBA Guidelines on ICT and security risk management in Luxembourg

On 25 August 2020, the CSSF published Circular 20/750 implementing the EBA Guidelines on ICT and security risk management in Luxembourg. These guidelines establish a consistent approach to the mitigation and management of these risks in all EU countries. Are you ready for the Circular? Download our self-assessment to assess your preparedness and define a resp […]

IFRS 16: understanding the principles of lease terms

While they might look straightforward at first, all new IFRS® Standards require a certain level of interpretation and judgement that give way to challenges and questions. IFRS 16 is no exception and its lease term assessment is a great example. Of course, as you might already suspect, simple contractual arrangements are not always the best answer when it com […]
3

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 […]
1

IFRS 15 and COVID-19: don’t roll the dice on revenue estimates (Part 2)

In my last blog, we discussed how the coronavirus outbreak impacts contract modifications and the existence of a customer contract. As promised, in this article we will take a closer look at how to deal with revenue estimates and revenue related assets in light of the current pandemic. Variable consideration The first thing that comes to mind when thinking of […]
2

IFRS 15 and Covid-19: what to consider when it comes to revenue recognition (Part 1)

2019 marks only the second year that companies have had to report their revenues under IFRS 15. Some issuers may still be unfamiliar with it and now have to face the challenge of complying with it in the current market conditions. IFRS 15 is extremely detailed with plenty of aspects that issuers need to take into account. In this article, we will walk you throug […]
5