Visible female leadership and a commitment to gender equality can help propel progress towards gender parity in mid-market leadership. Read the full report to learn more about the value of visibility and the positive impact gender-balanced leadership can have. More voices. More visibility. More momentum.
The EBA has published the second phase of its IRRBB Heatmap Implementation, outlining medium- to long-term supervisory objectives for IRRBB and CSRBB. The update shifts the focus from remediation towards consistency and proportionality, with particular emphasis on the most recent results of SOT analysis, the monitoring of the 5-year cap on NMDs repricing profile, commercial margin modelling, CSRBB perimeter identification, and hedging strategies. In this article, we summarise the key supervisory observations and recommendations and what they mean in practice for financial institutions.
Explore what superintelligence really means, the risks, opportunities, and ethical challenges of AI surpassing human intelligence - and why the time to act is now.
In our previous publication, we explored the inclusion of Machine Learning (ML) in the updated ECB Guide to Internal Models and the regulator’s expectations for its use within Pillar 1 models. Building on that, this article shifts focus to credit risk, where the revised Guide introduces more granular expectations for institutions using IRB models, reflecting a firmer supervisory stance, the integration of EBA Handbook elements, and alignment with CRR3 requirements.
To ensure the orderly functioning and integrity of financial markets and the overall stability of the EU financial system, the European Banking Authority (EBA) is tasked with monitoring market developments and identifying emerging risks and vulnerabilities at the micro-prudential level. A core tool supporting this mandate is the EU-wide stress test exercise, which the EBA is empowered to initiate and coordinate under its Regulation. Conducted in cooperation with the ESRB, ECB, and European Commission, the stress test evaluates the resilience of financial institutions against adverse economic scenarios and contributes to a broader assessment of systemic risk within the EU.
To ensure the orderly functioning and integrity of financial markets and the overall stability of the EU financial system, the European Banking Authority (EBA) is tasked with monitoring market developments and identifying emerging risks and vulnerabilities at the micro-prudential level. A core tool supporting this mandate is the EU-wide stress test exercise, which the EBA is empowered to initiate and coordinate under its Regulation. Conducted in cooperation with the ESRB, ECB, and European Commission, the stress test evaluates the resilience of financial institutions against adverse economic scenarios and contributes to a broader assessment of systemic risk within the EU.
EBA has recently released its Final Guidelines on the Management of ESG Risks, setting a pivotal standard for financial institutions to integrate ESG risks into their governance and risk management frameworks. At Grant Thornton, we use an ESG framework based on these EBA guidelines to support credit institutions and investment firms in embedding ESG considerations into their internal governance, risk management, and strategic planning. This approach helps banks meet regulatory expectations while strengthening long-term resilience and stakeholder trust. With regulatory pressure increasing, effective management of ESG risks across multiple time horizons is essential. Our framework focuses on the identification, assessment, monitoring, and mitigation of ESG risks, reflecting the growing importance of sustainable practices in the financial sector.
Στην παρουσίαση της Grant Thornton με θέμα "Μετασχηματίζοντας την Τοπική Επιχειρηματικότητα - Ο Δρόμος προς τη Βιώσιμη Ανάπτυξη", παρουσιάστηκαν πρόσφατα παραδείγματα έργων που αναδεικνύουν πώς οι επιχειρήσεις, με ξεκάθαρη στρατηγική, συγκεκριμένο σχέδιο δράσης και δέσμευση της διοίκησης, κατάφεραν να ενισχύσουν το επιχειρησιακό τους πλαίσιο και την ανταγωνιστικότητά τους.
Expanding into new international markets can be challenging due to the many issues to consider and resolve. Our Unlock Cyprus service can provide expert advice and insight to support you every step of the way. From helping you find the best location, to setting up a branch or subsidiary, we are committed to providing pragmatic and timely advice that allows you to focus on achieving your business goals.
In recognition of World Environment Day, we are honoured to share a timely conversation with Professor Manfred A. Lange, a distinguished climate scientist with a particular focus on water and energy security.
On 7th May 2025, the Network for Greening the Financial System (NGFS) released its first set of short-term climate scenarios, covering the period from 2025 to 2030. These scenarios mark a pivotal step in supporting financial institutions and supervisors in evaluating the immediate macro-financial risks posed by both climate transition policies and extreme weather events.
Imagine you are the CEO of a company. It’s Monday morning and today is a big day. You’re about to make a major decision—launching a brand-new product in an untapped market. The stakes are high. Get it right, and your company could capture a whole new customer base. Get it wrong, and you’ll waste months of effort, budget, and credibility.
It’s not a surprise that nowadays the rise of influencers has reshaped the landscape of traditional marketing worldwide, including Cyprus. Influencers, utilise social media platforms – Instagram, Facebook, YouTube, TikTok – to become powerful faces for different brands. However, as the influencer industry continues to grow, so do the complexities surrounding its taxation, particularly Value Added Tax (VAT).
World "Zero Waste Day" serves as a powerful reminder of the critical need to address waste across all sectors. This year's theme, "Towards Zero Waste in Fashion and Textiles," highlights the significant impact of the fashion industry on global waste and the environment. The fashion and textile industry has long been a major contributor to environmental degradation, and as demand for fast fashion continues to grow, it is essential to rethink production, consumption, and disposal practices to reduce waste and promote sustainability. Valued at USD 1.3 trillion and employing over 300 million people globally, the industry is a significant economic force with a substantial environmental footprint.
Imagine arriving at work to find that overnight, your role has fundamentally changed. Your emails are drafted before you even open them, meetings are automatically summarised, and reports that used to take hours are now generated in seconds. The office buzzes with conversations about AI-driven strategies—except you’re struggling to keep up. Would you embrace this shift, or feel left behind?
Our latest Women in Business report reveals the pace towards parity in mid-market firms isn’t moving fast enough.
Imagine a world where accountants work smarter, not harder – where software not only records transactions, but also analyses them, identifying trends and opportunities that might otherwise go unnoticed. Although this may sound like something out of a sci-fi movie, AI is making this vision a reality, transforming traditional processes and paving the way for exciting new innovations.
To be completely honest, I was pretty intimidated when I first heard about Deep Learning. The words deep and learning made it sound like something only super-smart people could understand! But once I got the hang of it, I was totally fascinated by how it works. It's like a machine that thinks and learns just like our brain does - pretty cool, right? So, let's go on a fun journey together to learn all about Deep Learning and how it's going to change our lives in the future, explaining it simply.
Welcome to the 2025 edition of Cyprus Tax Facts. We are delighted to present our updated comprehensive guide, offering essential insights into the latest advancements in tax legislation.