Financial Services

EBA Outsourcing Guidelines: Swiss banks also affected

The revised FINMA circular 2018/3 “Outsourcing - Banks” has now been in effect for nearly a year. Experience has shown that institutions are having a hard time particularly with the risk-oriented monitoring of their outsourcing providers (including any sub-contractors these may have hired).

Five building blocks to mitigating risk with an effective ICS

It’s been nearly nine months since the deadline to implement FINMA’s Circular 2017/1 “Corporate Governance – Banks”. And the odds are that you still have doubts about the effectiveness of the Internal Control System (ICS).

Intelligent Automation: revolutionizing how insurers do business

Pressure on insurers is mounting on multiple fronts. New technologies and evolving customer expectations are driving ever-faster change. Regulatory requirements are intensifying. And customers are seeking greater choice, more flexibility and easier omni-channel interactions.

LIBOR transition challenges: credit spread and new term structure

One challenge to preparing for the LIBOR phaseout is selecting the appropriate credit adjustment spread. Understanding the differences between IBORs and RFRs is essential and you’ll need to consider these aspects when adjusting client contracts or when assessing valuation impacts.
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Challenges and questions on the start-up journey

Start-up entrepreneurs transform new ideas into thriving companies. But they face significant challenges on their journey from market newbie to mature player. We explore some of the main questions founders should be asking at four key stages in the business lifecycle.
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LIBOR phaseout: What is the impact on Swiss companies?

The LIBOR will be replaced by risk-free reference interest rates by 2021. Swiss companies will have to analyze the impact in order to make a successful transition.
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