Financial crisis of 2008: Navigating and mitigating risks Over the past year the financial markets have experienced unprecedented turmoil, uncertainty and change. What initially began as a decline in homes values and illiquidity in the subprime mortgage market, has now evolved into a broader capital markets crisis having far reaching global ramifications.
Current challenges in counterparty collateral management The recent turmoil in the credit markets has highlighted significant errors and shortfalls in collateral management operations. These errors have translated into material actual losses creating a risk managment exposure but also a savings opportunity.
Accounting for change: Transparency in the midst of turmoil This survey reviewed over 20 banks’ financial statements around fair value, structured finance and risk management, analysing how well the current accounting and disclosure guidance stood up to the challenges of the recent market conditions. Also, making suggestions as to how certain disclosures could be improved upon to increase the level of transparency and consistency in bank’s financial reporting.
Harvesting value while reducing costs: A rapid approach to organizational restructuring Financial services executives view access to key talent as a crucial source of competitive advantage. As CFOs carry out cost-cutting initiatives, they cannot afford to risk cutting the wrong people. Using a staged approach to cost reduction enables companies to build on quick wins and gradually create a culture of cost management. Value-based organizational restructuring, which quickly generates cost reductions without sacrificing valuable talent, can help fund subsequent reduction efforts, including sourcing, process reengineering, and technology automation, while optimizing the long-term value of the organization and its talent.
Rogue trading: How to successfully manage this risk
Rogue trading been a problem since the beginning of organized trading but it can be managed in an acceptable manner similar to other types of risks. It is very difficult to design preventive controls absent real time monitoring, which is under discussion at a number of institutions.
Bank tax digest The PwC bank tax digest is prepared monthly by the firm's Washington National Tax Services office, as a quick reference to key developments of potential interest to the industry.
How credit market conditions expose challenges of securitization technology systems
This article discusses how organizations due to the ongoing liquidity crunch now rely more heavily on financial models to support valuation prices. Those issuers whose systems can provide granular data which can be analyzed objectively will garner the confidence of investors and rating agencies.
A regulatory guide for foreign banks in the United States 2007-2008 The 2007-2008 edition of PwC's regulatory guide for foreign banks in the United States is now available. The guide is intended for foreign banks operating in the United States and highlights issues that foreign banks must navigate in doing business here to ensure they meet regulatory expectations
Banking & capital markets issues: Spring 2007 The spring 2007 edition of PwC’s banking & capital markets issues, is now available. We have updated the design for this edition and hope you like the changes. In addition, we have expanded our recently introduced PwC Best Practices. This publication brings you insights into the trends, issues and opportunities shaping our industry.
