Category Archives: Financial Services

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 →

Don’t let your actuaries sit on the bench on IFRS17

Accountant adding figures on a calculator

IFRS17 may be an accounting standard, but getting ready for it requires serious actuarial input. The January 1, 2021 live date for the new international insurance accounting standard, IFRS17, is somewhat deceptive. The reality is that, due to the need … Continue reading →

Should banks require commercial lending customers to have cyberinsurance?

man sitting at a desk in an office looking at a laptop

In light of increasingly prevalent and highly publicized data breaches, the Federal Financial Institutions Examination Council (FFIEC) recommends that banks require commercial lending customers have cyberinsurance to supplement existing risk management programs. The FFIEC’s statement isn’t a regulatory expectation, but … Continue reading →

FCA investigations – The new world

aerial view of city at night

Perhaps it’s no surprise that with a title like that, we had no shortage of delegates (200 plus) for an interesting interactive seminar which we ran in our London auditorium on February 1, together with two law firms (Brown Rudnick … Continue reading →

How “Pure Entity” Australian Class Actions have distorted the D&O market

gavel on a desk with some legal reference books in the background

In 2012, the Federal Court of Australia’s decision in ASIC v Healey sent shockwaves through the boardrooms of large Australian companies and beyond. All seven non-executive directors as well as the Chief Executive Officer of Centro Group were found by … Continue reading →

With-profits simplification: Could it be a triple win?

person scrolling on a tablet reviewing a blue line graph

Aggregate U.K. market demand for with-profits funds has been in decline for several years. The benefits of simplification of a significant proportion of existing funds, most of which are already closed to new business, are becoming harder to ignore or … Continue reading →