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 Carmen Loh | Mar 15, 2022 | Regulations
Existing accounting practices in the insurance industry are inconsistent and unclear. This has led to the issuance of IFRS 17 Insurance Contracts – the first international Standard for insurance contracts. Because this Standard is based solely on principle and does...
by Carmen Loh | Apr 20, 2021 | Regulations
International Financial Reporting Standards (IFRS) 17 Insurance Contracts, issued in 2017, represents a major overhaul on financial reporting for insurance companies. However, many in the financial industry are still unfamiliar with the Standards. This blog post, Part...
by Hannah Wiser | Feb 23, 2021 | Artificial Intelligence
Through the lens of Financial Risk, this blog series will focus on Financial Institutions as a premier business use case for Artificial Intelligence and Machine Learning. This blog series has covered how a financial institution (FI) can use machine learning (ML) and...
