Will a voluntary code be enough to reinforce good behaviour in the global foreign exchange market following a number of scandals in recent years?
IFRS-9 will have a significant influence on how losses on loans are calculated and will also impact the role of compliance officers
Market participants worry about data requirements, which could leave them open to legal and regulatory challenges.
Regulation may provide the parameters for acceptable conduct, but culture is potentially more important in its ability to drive compliance not just to the letter, but also in spirit.
The insurance industry is adapting to the demands of the new Solvency II regulatory regime, but the unprecedented vote for Brexit could put a spanner in the works for UK insurers. By Farah Khalique.
Banks are gearing up to make the revolutionary switch from the current IAS 39 standard to IFRS 9. The UK’s decision to leave the EU will put them to the test.