Recent research and white papers
A european mandate for financial sector supervisors in the EU
by Daniel C. L. Hardy, International Monetary Fund
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The EU is deliberating the introduction of an explicit ‘European mandate’ for financial sector supervisors to supplement national mandates. Suggestions are made on (i) the formulation of a European mandate; (ii) the policy areas to which it should apply; (iii) which institutions should be given a European mandate; (iv) the legal basis for the mandate; (v) how to implement the mandate in practice; and (vi) how to achieve accountability for fulfilling a European mandate. Decisions on these issues are needed if the introduction of a European mandate is to have a substantive positive effect.
IMF Working Papers, no. 09/5
http://ideas.repec.org/p/imf/imfwpa/09-5.html
International Monetary Fund, 30 pages, 2009
The IFRS journy in insurance: A look beyond the accounting changes
by Priti S. Rajagopalan, Deloitte Research
The use of International Financial Reporting Standards (IFRS) is on the rise across the globe. The transition to new accounting policies under IFRS requires a change in mindset, presenting companies with both challenges and opportunities. In some markets, IFRS will likely contribute to substantial changes in:
Insurance product design, price and offerings
These changes will give rise to pressure for both convergence and divergence across insurance lines, thereby adding complexity and dynamism to the market structure of the insurance industry.
By taking a proactive approach to understanding the impact of IFRS implementation on key business strategies, insurers can avoid the risk of being unprepared for the industry-wide shift, while seizing on emerging opportunities for differentiation from competition.
Deloitte Research: The IFRS Journey in Insurance http://www.iasplus.com/dttpubs/0808ifrsinsurance.pdf
Deloitte, 20 pages, 2008
Global Megatrends 2009
The financial crisis is causing a considerable amount of uncertainty about the future. Yet, we still need to think about the trends that were unfolding before the crisis and question how they will evolve and what new directions they might follow, as well as consider new trends that are now emerging:
These are just a few of the important topics that are discussed in the publication ‘Global megatrends 2009.’
Global megatrends 2009 http://www.ey.com/global/content.nsf/International/Global_megatrends_2009
Ernst & Young, 20 pages, 2009
World Economic Forum 2009: Shaping the post-crisis world
How best to reform the world’s financial system? That was the hot topic at this year’s World Economic Forum (WEF) in Davos, where leaders discussed possible solutions to global problems ranging from the economic downturn to climate change.
http://www.weforum.org/en/index.htm
Top 10 strategic risks for business
What strategic challenges are likely to affect your company in 2008 and beyond? This publication identifies ten of the most critical risks, including regulatory and compliance, financial shocks, and aging consumers and workforce, faced by some of the world’s most important industry sectors.
The 2009 Ernst & Young business risk report: The top 10 risks for global business http://www.ey.com/global/content.nsf/International/AABS_-_Strategic_Business_Risk_Report
Ernst & Young, 40 pages, 2009
2009 insurance industry outlooks
In a continually evolving economic climate, there is a greater need for insurance companies to work strategically to achieve their growth objectives. Ernst & Young discusses the key issues facing the insurance industry this year in these reports.
Insurance Finance 2010: Taking a broader view http://www.ey.com/global/content.nsf/International/Insurance_Overview
Ernst & Young, 40 pages, 2008 Solvency II: Information systems as a major challenge http://www.ey.com/global/content.nsf/International/Insurance_Overview
Ernst & Young, 4 pages, 2009
The impact of tax treaty trends in the Asia-Pacific funds sector
This publication provides an overview of the basic tax rules applying to funds and other international investment structures across 17 Asia-Pacific countries. It considers how tax treaties are being applied across the region and what tools countries increasingly have at their disposal in order to be able to deny treaty relief to funds. The report also discusses how the funds industry should be responding to these challenges.
The impact of tax treaty trends in the Asia-Pacific funds sector http://www.kpmg.com/SiteCollectionDocuments/Impact-tax-treaty-trends-Asia-Pacific.pdf
KPMG, 50 pages, 2009
Finance of the future - Looking forward to 2020
A decade ago, KPMG International made a series of predictions on the future of finance in 2010. Reflections on these predictions and thoughts on where finance will be a decade from now are set out in this publication.
Finance of the future - looking forward to 2020 http://www.kpmg.com/SiteCollectionDocuments/Finance-of-the-future.pdf
KPMG, 20 pages, 2009
Trends in the european investment fund industry in the fourth quarter of 2008 and results for the full year 2008
by Bernard Delbecque, Director of Economics and Research, EFAMA
2008 has been a very difficult year for European investors and fund managers. The global financial crisis, which started in the United States in the summer of 2007 had a severe impact on investment funds in Europe and other regions. The impact of the crisis in the financial markets on the banking sector and the real economy explains why investment funds were severely hit. The report puts the crisis into perspective.
Trends in the European Investment Fund Industry, Quarterly Statistical Release, no. 36 http://www.efama.org/index.php?option=com_docman&task=cat_view&gid=72&Itemid=-99
EFAMA, 11 pages, 2008
2009 global survey of investment and economic expectations: Expert views on capital markets, economy, investment and governance
In the continuing uncertain economic environment, it’s of growing interest to hear how experts view the short and medium-term investment landscape. In November and December 2008, Watson Wyatt conducted a global survey of 104 investment managers to gauge their views on macroeconomic predictors, capital market expectations and where they see investment and governance going in the future.
2009 Global Survey of Investment and Economic Expectations http://www.watsonwyatt.com/research/resrender.asp?id=Global_EE&page=1
Watson Wyatt, 76 pages, 2009
