The 2008 financial crisis prompted a review of regulations in the banking sector. As a result, new entities entered the market offering digital solutions that combine traditional services with opportunities inherent to the online financial market.
Entities should begin preparing for IFRS 18 ‘Presentation and Disclosure in Financial Statements’ sooner rather than later. Changes from IAS 1 ‘Presentation of Financial Statements’ could have a significant impact on the financial statements.
According to the latest International Business Report (IBR) from Grant Thornton, in Argentina, 1 in 4 mid-market business leaders identify digital risks as a key limitation when doing business. Globally, cyber incidents are a concern for 5 in 10 respondents.
The Central Bank of the Argentine Republic (BCRA) issued a statement addressed to Fintech companies announcing modifications to the current regulations for payment service providers.
The Central Bank of the Argentine Republic (BCRA) released in March 2023 a new statement of minimum requirements for the management and control of information technology and security risks, which will replace Com. A4609. Find out in this article what are the new regulations.
The financial sector is not isolated from other human activities. Being so regulated and historically dominated by big players, there is resistance and changes tend to be delayed, but they must inevitably serve the new client: millennials, centennials and baby boomers, who have different ways of consuming, know technology, understand the risks, require immediacy, agile experiences, interoperability, etc. This is a fertile field for fintechs.
Are your management accounts delivered to you late every month? Rob McNally - Associate Director of Accounting Consultancy at Grant Thornton UK - explains how a simple checklist could help you meet your deadlines.
Private equity has always focused on creating value and helping promote growth in portfolio companies. Since the industry began, private equity firms have tried many ways to meet this ultimate objective – and with varying success. Now, post the global financial crisis, the question being asked more than ever is: how can private equity deliver its value-added promises?