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 […]

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 […]

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 […]

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 […]

Re-examining third-party outsourcing thanks to COVID-19

This article has been written together with Eleonora Cambone. “It was the best of times, it was the worst of times”. Originally used by Charles Dickens to describe the turmoil of troubled nineteenth-century England, this phrase also happens to accurately summarize the current environment – its challenges and, most importantly, the improvement opportu […]

Liquidity risk management and stress-testing during Covid-19

This article has been written together with Francesco Vittori and Gianmarco Gioia. The Covid-19 crisis brings the market and, in particular, the fund industry face to face with unprecedented challenges. In this context, investment funds need to implement effective liquidity risk measurement and management processes to ensure viability and survival. Investmen […]