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Financial Services Briefing - Asia Pacific - Ernst & Young - China

Bank Governance Leadership Network - ViewPoints

Understanding and assessing governance effectiveness
This ViewPoints focuses specifically on supervisors' attempts to understand and assess governance.

Defining supervisory intensity in practice
This ViewPoints focuses on defining what increasing supervisory intensity will mean in practice for global banks.

Implications of Eurozone crisis
What issues are complex global banks considering in their response to the Eurozone crisis? This ViewPoints whitepaper summarizes the discussions from non-executive bank directors.

Top and emerging risks for global banking
Read how banks are responding to risks in funding and liquidity, regulatory changes, cybersecurity, other geopolitical risks and the general economic picture.

Improving risk identification
This ViewPoints whitepaper summarizes three ways banks can identify emerging risks gathered from discussions with directors, CROs, regulators and banking professionals.





Insurance Governance Leadership Network

Briefing Note - Insurance industry facing real challenges - a view from the boardroom
Tapestry Networks and Ernst & Young interviewed more than 30 non-executive directors and executives from 14 of the 25 largest global insurance companies, as well as industry experts and a number of officials from lead regulators and supervisors. This Briefing Note provides a director – and in places, a regulatory or supervisory – view on the key issues facing the industry.

ViewPoints - Global insurance leaders find common ground amid economic and regulatory uncertainty
On 8 May, Ernst & Young and Tapestry Networks welcomed nine participants to the inaugural IGLN meeting in New York. Participants discussed a range of issues that included accelerating regulatory change, systemic importance, business model relevance, and cross-border supervision. This issue of ViewPoints synthesizes the perspectives and ideas that arose in this meeting as well as preparatory discussions with 34 directors, executives, supervisors, and regulators.






Welcome to the second edition for 2012 of Financial Services Briefing, which brings together insights from our global financial services network.

In my recent discussions with financial services organisations, three key questions that continue to be top of mind are:

  • What governance and oversight strategies should financial services organisations employ to manage their risks? – in this edition of the Briefing you will find a number of interesting views on board effectiveness and attaining good governance. Toward effective governance of financial institutions calls for urgent action to improve bank risk governance and provides practical recommendations for boards, management, supervisors and shareholders. To complement this G30 report, we include the latest insights from our Bank and Insurance Governance Leadership Network forums. Our third annual study on risk management, Progress in financial services risk management, conducted with the Institute of International Finance is included in our Risk section.
  • How will organisations achieve regulatory and compliance objectives when the goal-posts are constantly shifting? – organisations continue to be faced with a raft of regulatory changes (FATCA, Basel II & III, OTC derivatives to name just a few). In many instances these changes have been slower than expected, but at an increasing cost. See our Regulation section containing our recent perspectives on the reform agenda.
  • How will organisations improve profitability given the new rules of the game? – ongoing economic uncertainty and pressure to reduce costs is challenging business models. Following the release of our Global Consumer Insurance Survey earlier in the year (and included in Issue 1 of Financial Services Briefing) is the release of our Global Consumer Banking Survey. Covering 35 markets, including Asia-Pacific, we hope this will stimulate dialogue within your organisation on customer strategy.

I trust you will find this edition insightful and thought-provoking.  If you would like to discuss any of the topics contained in this edition in further detail, please contact me or your local Ernst & Young representative.

 


Keith Pogson
Keith Pogson
Managing Partner
Financial Services - Asia-Pacific
Phone: +852 2849 9227
Email: Keith.Pogson@hk.ey.com

 

 

 

 

 

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