More firms see regulatory change as opportunity to enhance infrastructure, gain business advantage and remain compliant.
From regulation to AI-driven solutions to quantum computing for the financial industry, Wei-Shen Wong looks back on what made headlines in the region in 2017.
New regulations and accounting standards are the main drivers of changes to how banks worldwide must operate, maintain their books, and manage their data, with IFRS (International Financial Reporting Standard) 9 one of the most significant. As Wei-Shen…
Officials say Ahmed's experience in addressing IFRS 9 will support the vendor's growing business in the region.
The Bloomberg data will reduce manual work associated with determining how a security should be classified and valued under the upcoming IFRS 9 rules.
The service enhances the vendor's existing evaluations by providing a score indicating the market color used to generate each evaluation.
Bi-annual update also includes functionality for private debt and alternative products to reduce complexity for asset managers.
While IFRS 9’s development started before the full grip of the financial crisis took hold in the fall of 2008, in the wake of the collapse, it became clear that banks needed to do a better job of measuring and monitoring their credit losses. This new…