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On 4 November 2024 our Risk Management and Digital and Artificial Intelligence (AI) Advisory experts held a live Q&A webinar. Here is a summary of what we discussed around AI.
On 4 November 2024, our risk management and digital and artificial intelligence (AI) advisory experts held a live Q&A webinar. Here is a summary of the current CRO challenges.
In November 2024, the NGFS (Network for Greening the Financial System) [1] published phase V of its widely used climate scenarios updated with the most recent economic and climate data, policy commitments, and model versions. This phase V also introduces a new damage function for physical risk assessment.
On 15 November 2024, the Financial Conduct Authority (FCA) and the Financial Ombudsman Service (FOS) jointly issued a Call for Input (CFI) on modernising the redress system.
The business models of some UK insurers result in elevated exposure to liquidity risk. Despite this, management of liquidity risk does not receive as much attention or investment as capital and other risks.
Climate-related disclosures are now mandatory for many insurers, with this comes the requirement to produce high-quality reports.
Forecasts are at the heart of investment management. Understanding the world as is, even perfectly, offers little value to investors, as that knowledge is “priced in” by financial markets. Forecasts, putting a price on future events, such as earnings, economic growth, inflation, etc, are where the true value lies.
We have identified the key risk areas for financial services business leaders in 2025. These risks have been prioritised based on their severity and the urgency of mitigation, informed by comprehensive market research, regulatory insights, and our assessment of the current challenges faced by these firms. We also highlight the changes in risk rankings compared to last year.
With differing approaches to Anti-Money Laundering (AML) and Counter-Terrorist Financing (CTF) supervision across the EU, it has severely limited member countries’ ability to fight efficiently this growing threat. The creation of the Anti-Money Laundering and Countering the Financing of Terrorism Authority (AMLA) is a big step in addressing this issue.
Traditional methods of tackling financial crime are no longer effective in a world where bad actors use increasingly sophisticated techniques to exploit weaknesses in financial crime controls. With the establishment of a new European regulator, embedding the latest Artificial Intelligence (AI) enabled solutions to counter financial crime has never been more important.
The plan explains how the Prudential Regulation Authority (PRA) will deliver its strategic priorities and continue to be an efficient and effective regulator.
Chancellor Rachel Reeves' Autumn Budget contained a sizeable increase in employers' national insurance contributions (NICs). This article examines how this will impact the Financial Services sector's tax cost and compliance requirements.
In the government's first Budget, Chancellor Rachel Reeves announced several measures that will impact the UK's Financial Services sector, and we examine here the impact of the policies announced.
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The latest news and analysis on the changing markets and economic environment.
