Bank reporting

Heightened levels of professional skepticism and executive involvement are needed in today's environment. Utilize our open and honest perspective.

	Ernst & Young's Reporting Magazine addresses the reporting and governance challenges companies face as they tell their performance story in many of this edition's features.
	IFRS Developments Issue 54: IASB proposes new expected credit loss model.
	Financial Reporting Briefs - Fourth quarter 2012.  Provides an update on fourth quarter 2012 financial reporting developments.
	Good Bank International Limited 2012.  International GAAP® Illustrative financial statements for the year ended 31 December 2012.
	IFRS Outlook November 2012: Lease classification to remain – what are some possible implications? IFRS Foundation publishes analysis of the SEC staff’s final report on IFRS.
	How are bank executives managing the increase in volume and complexity of new accounting changes ? Read our findings drawn from real-time polls taken during Ernst & Young’s European IFRS Banking Conference.
	The fair value question has, of course, been high on the agenda for some time now. Our survey shows 16 financial institutions that apply IFRS to benchmark current practice for calculating credit adjustments on financial instruments at fair value.

Banking risk management

Risk management has taken on a new level of importance. Get up to speed on risk control practices and regulatory requirements.

	The Basel Committee has issued Principles for effective risk data aggregation and risk reporting, which substantially raises the bar for banks. This Global Regulatory Network executive briefing summarizes the key supervisory expectations under the new principles.
	This ViewPoints paper summarizes three ways banks can identify emerging risks gathered from discussions with directors, CROs, regulators and banking professionals.
	Read how banks are responding to risks in funding and liquidity, regulatory changes, cybersecurity, other geopolitical risks and the general economic picture.
	Supervisors have been increasing their scrutiny of banks’ risk governance practices and the effectiveness of the Boards in overseeing the risk appetite of the firms. The Financial Stability Board (FSB) has now issued the findings of its Thematic Review on Risk Governance.
	Ernst & Young's Global Regulatory Network executive briefing discussing the implications of the recently issued Basel Committee report on the consistency of risk-weighted assets for market risk.
	Our 15th annual Global Information Security Survey suggests that organizations are taking steps to enhance their information security capabilities, but few are keeping up with an ever-changing risk landscape.
	Governance, risk and compliance technology: turning risk into results. A robust GRC process and technology solution can help.
	Bank risk management survey 2012. Ernst & Young’s annual banking and financial services industry survey shows progress despite post-crisis and economic pressures.

Financial regulatory reform

New regulations abound, but the number one issue facing institutions today is the uncertainty they create. We explore the implications of various new requirements.

	In Europe, the Capital Requirements Directive (CRD IV) is now close to final approval, with implementation almost certain from January 2014.
	The Basel Committee and the International Organization of Securities Commissions have released near final proposals for the setting of bilateral margin requirements for non-centrally cleared OTC derivatives.
	The world of financial instruments just got more complex. Time to take note. Capital markets reform: MiFID II.
	FATCA: 12 months to go, 12 things to do. Read about peer insights and Ernst & Young viewpoints on regulatory requirements, interpretation, and implementation approaches.
	Ernst & Young’s FATCA guide: 10 things institutions should consider for mitigating FATCA’s impact.
	Get the highlights on emerging challenges in Asian cross-border banking from our Global Regulatory Network convened in Hong Kong in December.
	The long-awaited final FATCA regulations were released by the IRS on Thursday 17 January.
	New map for global banks: strategy and regulation. This edition of The Banker, produced with the Financial Times, covers key regulatory issues facing banks and will be available at the 2013 Davos Forum.
	On 13 December, the European Council proposed details about the European Central Bank's (ECB) supervisory role in the single supervisory mechanism (SSM) for the oversight of credit institutions.
	Basel III fundamental trading book review. A long-awaited review of trading book rules has finally begun and will address shortcomings in trading book design and market risk regulatory capital regime.
	First guidance on how the US-UK IGA (or any other IGA) will be administered.
	Our latest Financial regulatory reform up-date presents an overview of the global regulatory reform agenda and the impact it will have on banks’ business and operating models in the coming months.

Fraud Investigation & Dispute Services

Integrity delivers benefits Companies that act with integrity in addressing fraud, bribery and corruption have an advantage with real business benefits. To that end, we help companies manage risk, investigate alleged misconduct and measure the financial implications of disputes. When unusual financial activity is suspected, we can investigate, perform electronic evidence discovery, and review financial reports — all with the sensitivity and urgency required. And if necessary, we can provide expert witness testimony to explain our findings.

12th Global Fraud Survey Growing Beyond: a place for integrity. Though many companies have intensified their efforts to combat bribery and corruption, our 12th Global Fraud Survey suggests that much remains to be done.

Governance in banks

Who's responsible for setting risk appetite? What role does the board play? Find out how risk governance at banks is evolving.

	Our seasoned professionals and renowned professors from the Wharton School combine their expertise: Global banking - foresight and insights videos help you get up to speed in minutes on a variety of top-of-mind banking issues.
	What are bank executives discussing on earnings calls? We analyze the top themes and performance indicators emerging from the 4Q 2012 earnings calls of the world’s largest banks.
	Banks need to prepare for the possibility that they will have to restructure themselves. Read more about the drivers of structural change, as well as 10 “no regrets” projects that banks can initiate in order to be ready for the new environment.
	What issues are complex global banks considering in their response to the Eurozone crisis? Read our tapestry Network’s ViewPoints whitepaper.
	Perspectives on bank governance. Insights from global bank directors and regulators.
	Central banks get wider powers, tighter restraints. Learn about new challenges facing central banks, including their strategies in the wake of the financial crisis.
	Executives want to know what bank strategies are sustainable over the long term. Yet economic, regulatory, supervisory and political uncertainties have made strategy planning very challenging.
	BoardMatters Quarterly Matters of Interest for Audit Committees - shares how some audit committees are facing the new governance landscape.
	What are bank executives discussing on earning calls? We analyze the top themes and performance indicators emerging from the 2Q 2012 earnings calls of the world’s largest banks.
	We asked more than 28,000 retail banking customers across 35 countries what they like, expect and want in the future from their banks. Learn more in our Global Consumer Banking Survey 2012.

Our CFO Program

What it means for the CFO to excel

We believe these six segments cover the core elements of the CFO's role. Explore these to access insights relevant to each.

1. Trusting the numbers
2. Providing insight
3. Getting your house in order
4. Funding organizational strategy
5. Developing business strategy
6. Communicating to the external marketplace

Our program seeks to provide insight and guidance on aspects of interest to CFOs, and future finance leaders, as they seek to develop themselves, their teams and learn from others within their community.

	Our CFO program seeks to provide insight and guidance on aspects of interest to CFOs, and future finance leaders, as they seek to develop themselves, their teams and learn from others within their community..
	CFO and Beyond explores the unprecedented demand for serving chief financial officers (CFOs) to take on board roles. "The appetite of shareholders for CFOs to serve on boards is big – and getting bigger," says EMEIA Markets Leader Jay Nibbe.
	A new CFO program takes Ernst & Young to the airwaves. www.cfo-insight.com is a new Ernst & Young sponsored website, which provides news, analysis, interviews and features; and explores the evolving role of the chief financial officer (CFO).
	Drought or drowning? Cash challenges for CFOs. Whether the company is cash rich or cash poor, the CFO’s contribution to navigating the complexities of the current climate successfully is crucial.

Performance Improvement & Growth

With tightened margins and an uncertain landscape, where will banks turn for new growth? We point out the progress and pitfalls of redefining their business.

	Ernst & Young's first ever Global Corporate Banking study highlights the findings as to how banks measure up against expectations and what is required to deliver a better service to these clients.
	Eurozone Outlook (Spring edition 2013) for financial services examines economic forecasts for the region's banking, asset management and insurance sectors.
	Capital Insights: Helping businesses raise, invest, preserve and optimize capital.
	As we turn the page on 2012, the world’s rapid-growth markets (RGMs) will continue to be pivotal to the hopes for sustainable recovery.
	Cost cutting has moved up the priority list for both retail and investment banks in the next six months as they face up to growing concerns about the European economy and the sovereign debt crisis. Read more in our European Banking Barometer.
	Global banking outlook 2013-14. Our forecast examines 10 key issues facing banks in the coming years, including new pricing models, technology challenges and the importance of reputation.
	The Islamic banking growth story continues to be positive, growing 50% faster than the overall banking sector. The World Islamic Banking Competitiveness Report 2012-13, offers insight into the burgeoning global Islamic financial industry.
	2012 Middle East attractiveness survey. We highlight the latest foreign direct investment (FDI) trends in the Middle East and explore the views of decision-makers on the local investment climate.
	Rapid-growth markets forecast: Autumn 2012. Though growth has slowed, the relative attractiveness of rapid-growth markets is stronger than ever. The latest edition of our RGM forecast offers insights.
	The DNA of the CIO. This view gets to the heart of the change in skillset that CIOs are finding: balancing their technology expertise with softer skills. Many CIOs directly acknowledge that the necessary skills are yet to be developed.

Tax insights

Keep up-to date with all the latest tax news stories and on-line publications.

	T-Magazine brings tax insights for business leaders. Read our latest issue here.
	On 17 January 2013, Treasury and the IRS issued long-awaited final regulations under the FATCA provisions of Code Sections 1471 – 1474.
	The Chancellor's 2012 Autumn Statement sets out further action the Government will take in three areas; protecting the economy, growth and fairness.
	As tax complexities affecting deals increase, the tax director’s role is broadening, our M&A survey offers insight into delivering value in today’s market.
	EY Global Tax Guides provides access on your iPad® to Ernst & Young's suite of global tax guides including the Worldwide Corporate Tax Guide, Worldwide VAT, GST and Sales Tax and The Global Executive, covering personal income taxes in more than 150 jurisdictions.
	United States and United Kingdom Sign Agreement on International Tax Compliance and FATCA Implementation.
	Indirect Tax Briefing: Issue 5 is a review of global indirect tax developments and issues covering current trends and country updates from Australia, Brazil, Czech Republic, Hungary, India, Mexico, and Russia.