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.
By the end of 2023, the EU Non-Financial Reporting Directive (NFRD) will be in force. The NFRD requires large public interest companies and listed companies to prepare and publish information related to their sustainability performance (society, environment, governance (ESG)) on an annual basis.
Understanding NGFS released data, exploration of scenarios and their impact, and leveraging on globally accepted solutions for the quantification of climate and environmental risks.
On July 8th, 2022, the European Central Bank (ECB) published the results of the Biennial Thematic Stress Test 2022 related to climate change. The exercise focused on climate-related risks, both transitional and physical.
Grant Thornton has constructed a Physical Risk Quantification Framework in its effort to support financial institutions in identifying and measuring their Climate & Environmental Risks. In this publication, we present our methodology, implementation, and key benefits of the framework.
On 30 June 2022, Cyprus opened a new chapter with regards to transactions with controlled parties and Transfer Pricing. Read more.
We have drawn on the breadth of experience and market knowledge within Grant Thornton’s network to develop the ‘Essential action plan for managing in inflationary times’.
We explore the outlook for businesses in the year ahead and look at how targeted digital investment could offset the risks.
Why diversity and inclusion measurement is crucial to business success, and how to meaningfully track inclusion in the workplace.
This paper will provide an overview of the current and future uses of Machine Learning in the world of Internal Rating Based (IRB) Models which allow banks to model their own inputs for calculating Risk Weighted Assets.
The Council of Ministers of Cyprus approved, on 10 May, a bill with new tax incentives aimed at attracting foreign talent to Cyprus and encouraging international companies to relocate their headquarters to Cyprus.
EBA published, on the 21st of June 2022, draft principles in assessing representativeness of COVID-19-impacted data in re-calibration of IRB models. The Supervisory handbook that will be published later in 2022 will include these principles, aiming at ensuring a harmonised approach. COVID events and especially the use of moratoria and other public measures may have led to changes in default rates.
The EBA Annual Report was published on the 15th of June 2022, highlighting the main achievements made in 2021, providing an overview of the key priorities for the coming year.
What being a male ally looks like, and practical steps businesses can take to drive action and remove the organisational and cultural barriers to male allyship.
Organisations are putting unprecedented emphasis on structured efforts to engage their workforces.
The global economic crisis that resulted as a consequence of the pandemic has stressed the relevance of prioritising sustainability pillars within financial services.
In 2022, Grant Thornton’s Women in Business research has once again tracked the position of women in senior management across the world, and the progress towards gender parity in leadership.