Category Archives: Financial Services

CRO ‘elevator speeches’ for strategy meetings

Woman holding some documents in her left hand while using he right hand to touch a graph on a giant touch screen

Prepared "elevator speeches" can be an effective communication tool to help CROs cover the essential points of a topic without going into unnecessary technical details. Continue reading →

Does the Law of One Price apply to insurance?

business man holding a calculator and a piggy bank with money sticking out

The upside of risk transfer market complexity is that arbitrage opportunities don’t disappear quickly. They’re not all that rare; rather, they’re just hidden. Continue reading →

Does ARGA (the new UK accounting regulator) spell trouble for directors?

Businessman using graphs on screen-banner

Two years ago, I suggested that a House of Commons Select Committee report spelled trouble for company directors and potential joy for the plaintiff’s bar. Now that prospect has become a lot more real. Concerns about the effectiveness of the … Continue reading →

Stockpiling for Brexit? Make sure your credit insurance covers you

man and woman leaning over a coffee table looking at paperwork-banner

Many businesses involved in the supply chain for vital goods are stockpiling in preparation for any possible disruption after Brexit. While this makes sense in terms of ensuring continuity of supply, businesses must also be aware of the accompanying risks. Continue reading →

2019: The year regulators force insurers to account for sustainability risks on their balance sheets

close up of employees hands pointing to papers with charts. Laptops, tablets and phones are displayed on the table

The European Insurance and Occupational Pensions Authority (EIOPA) has released its latest sustainability proposals (EIOPA-BoS18/483), which are wide ranging and could have significant implications for insurers’ investment strategies, risk and actuarial functions, product pricing, design and sales processes. They involve … Continue reading →

The asset manager’s guide to assessing and evolving culture

Colleagues gathered around a desk with computers and papers

Many people hear the word culture and shrug – it’s a vague term explained by equally ambiguous words such as “philosophy,’’ ‘’ethos,’’ ‘’values” and “DNA.” As an investment manager focused on the concrete – portfolio returns, peer performance, due diligence, … Continue reading →

What could the Prudential Regulation Authority’s proposal on managing climate change risk mean for insurers?

Men in headsets looking at a weather map with a computer monitor behind them

The launch of a consultation paper on the approaches to managing financial risks arising from climate change will transform the way that organizations do business. But how should insurers react – and what are the risks? The Prudential Regulation Authority … Continue reading →

Beware of the relentless spread of personal accountability across borders

Man sitting in the window seat of an airplane looking at a laptop

The acronym FSB probably conjures up for you the Federal Security Service of the Russian Federation, but it also stands for the less well known Financial Stability Board. This is a body established to coordinate at an international level, the … Continue reading →

Must companies now avoid the stigma of tax avoidance?

group of men and women in suits sitting around a table looking at a laptop together

I’ve blogged recently about the dangers of corporate tax evasion, given the new powers open to prosecutors under the Criminal Finances Act, but what about its seemingly much less dangerous and perfectly legal cousin: tax avoidance? There’s some evidence that … Continue reading →

Looking to succeed in credit markets? Diversity and a long time horizon can be your best friends

Close up of a hand using a stylus pen on a touch screen depicting a line graph with steep declines and inclines

Ever since the global financial crisis, we’ve found investors have been slow to diversify their fixed income portfolios, and for good reason: Mainstream corporate credit (including investment grade and high yield), have performed incredibly well, supported by declining interest rates, … Continue reading →