Substantial progress has been made in stabilizing the financial sector since the crisis six years ago. Yet a great deal remains to be done. The focus of this issue of Frontiers in Finance is navigating change and transformation.
In the issue we address the complex financial services landscape and some of the principal transformation issues senior executives are struggling with today. The G20 meeting in Brisbane in mid-November set the broad context for economic reform and further financial services regulation. We look at some of the key items on their agenda, review the results of the ECB’s stress tests of Europe’s biggest banks, and explore the implications of IFRS9.
In addition, we explore two contrasting facets of data management in financial services. Many would argue that managing data and all its ramifications, and extracting the most valuable and useful information from it, represents the biggest single challenge – and opportunity – facing the industry today. Closely connected are the systems underpinning both data management and transaction processing. We believe these are both complex and critical subjects facing financial services.
Articles featured in this edition:
This issue also includes articles on Rethinking the finance off shoring model, Stress testing the Asset Quality Review, Cyber insurance: A market matures, Automation and risk: Understanding and managing complex interactions and our Regulatory roundtable on the G20 summit: Time for reflection on the financial services agenda.
They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.
KPMG International has created a state of the art digital platform that enhances your experience, optimized to discover new and related content.