by Regitze Ladekarl, FRM | Oct 30, 2023 | Risk Report
Worry is within the purview of Team Regulator, and they do it well. This week, Gary Gensler of the SEC voiced his concern to FT that AI will cause substantial financial instability within the next decade. So here is his thinking: Financial institutions, especially...
by Tolani Makanjuola | Apr 25, 2023 | Business Analytics, General, Regulations
The multi-year implementation of the IFRS 17 accounting standard (“the standard”) has required significant enterprise-wide technology changes that have predictably proved challenging and complex for the insurance industry. Since 2017, industry players have...
by Samantha Zerger | Nov 19, 2019 | CECL
Most financial institutions (FI’s) find that data is the biggest hurdle when it comes to regulatory requirements: they don’t have enough information, they have the wrong information, or they simply have missing information. With the CECL accounting standard, the range...
by Dr. Jimmie Lenz | Dec 19, 2018 | Case Study
The Federal Deposit Insurance Corporation (FDIC) approved a measure that will allow a three-year phase in of the impact of CECL on regulatory capital yesterday (12/18/18). This change will also delay the impact on bank stress tests until 2020. The change does not...
by Tan Cheng See | Nov 19, 2018 | Regulations
Time is ticking for the 450 insurers around the world to comply with the International Financial Reporting Standard 17 (IFRS 17) by January 1, 2021 for companies with their financial year starting on January 1. Insurers are at different stages of preparation, ranging...
