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.
On 17 January 2023 the European Parliament (“EP”) approved the European Commission’s (“EC”) proposal of 22 December 2021, for a Council Directive to introduce stricter substance requirements to combat tax benefits claimed by “shell entities”.
The number of people who doubt the positive impact of recycling on the environment, industry, health, and our everyday life is thankfully shrinking with each passing year. Recycling has a significant role in any strategy for improving environmental conditions on the planet.
Progress on the overall number of women in senior leadership continues, but it’s concerningly slow.
Although positive, progress is slow. This year, women in mid-market companies hold 32.4% of senior management positions, up 0.5pp from last year’s 31.9%.
Grant Thornton research reveals big increases in the percentage of women occupying chief executive officer (CEO), managing director (MD), and chief information officer (CIO) positions.
In businesses adopting a hybrid model, with a defined mix of onsite and remote working, there are higher levels of women in senior management.
Five recommendations to push for parity, and accelerate progress.
Having a Privacy Operational Compliance Framework in place can help organisations protect personal data, avoid costly penalties for non-compliance, and demonstrate commitment to privacy to their customers and other stakeholders.
The EBA will integrate ESG risks considerations into its framework over the next three years to support the EU's transition to a more sustainable economy. Read more
On 11 November 2022, Κ.Δ.Π. 423/2022 was published in the Official Gazette, amending 8th Schedule of the VAT law. The aforementioned Schedule regulates the extent to which the supply of immovable property is taxable.
For many years, since the industrial revolution and the birth of the notion of the firm in the western world, the purpose of the new vehicle was to produce profit for the shareholder/s. Industrial firms are relatively recent in history. They arose only after the beginning of the Industrial Revolution, in the second half of the 18th century in England and, a bit later, in the European Continent and in America.
More and more ML/TF failures are being revealed around the world, the environment is becoming increasingly fragile and competition is ever increasing, with countries, regulators and organisational leaders finding it difficult to keep up. Compliance departments become busier by the minute facing emerging risks, new regulatory requirements, and organisational leaders as well as clients, viewing them as a ‘snoops’ and as an ever-increasing cost.
The report highlights the main updates made to integrate the climate models in order to reflect the most recent climate data and economic outlook on macroeconomic variables, used as part of the models, and consequently, on both physical and transition risks.
Whether we are buying coffee, booking a vacation, or making an investment we are producing emissions. It is not so easy to understand how for example the habit of buying a cup of coffee may cause an extreme heat wave in Europe or a flood in Pakistan but remember no single drop of water thinks its responsible for the flood. The impacts of our actions and our way of life is affecting the climate worldwide.
On 13 July 2023, the Advocate Generalof the Court of Justice of the European Union issued an opinion on the Value Added Tax treatment of activities carried out by a member of the board of directors of a company (case C-288/22).
Summarising the NGFS directory for bridging climate related data gaps, overcoming limitations, and proposed policy recommendations to support the needs of the financial sector.