Global Finance

OCTOBER 11, 2024

The banks “failed as a result of a combination of unrealized interest rate losses from their long-term, fixed-rate assets and the loss of the low-rate deposits that had funded these assets,” Larry Wall, research center executive director of the Atlanta Fed’s Center for Financial Innovation and Stability, explained in a blog post.

Banking 111

Banking Foreign Exchange Profit and Loss Finance 111

PYMNTS

JANUARY 30, 2019

The investigation found that Standard Chartered’s traders used illegal tactics to maximize profits or minimize losses at the expense of the bank’s customers, or customers at other financial institutions (FIs). The bank also agreed to provide the DFS with ongoing progress reports to prove that it is meeting the objectives.

Profit and Loss 51

Profit and Loss Foreign Exchange Compliance Auditing 51

CFO Talks

AUGUST 21, 2024

IFRS 9 Financial Instruments: Managing Expected Credit Losses IFRS 9 introduced the concept of expected credit losses (ECL), which means companies must recognise potential credit losses earlier, based on a forward-looking model. Practical Example: Consider an insurance company that sells a 20-year life insurance policy.

IFRS 52

IFRS Profit and Loss Communication Credit Risk 52

CFO Simplified

NOVEMBER 12, 2024

Understanding and Mitigating Business Risks: Lessons from Hurricane Helene The financial devastation caused by Hurricane Helene in 2024, which led to $160 billion in economic losses, offers crucial insights into how business owners should think about risk management and preparedness. Chamber Foundation 3.

Profit and Loss 52

Profit and Loss Cash Flow Forecasting Risk Management Compliance 52

CFO Leadership

JANUARY 25, 2024

While public companies are legally obligated (or are soon expected to be obligated) to meet a growing number of ESG-related regulatory requirements around the world, many of these compliance burdens – and reporting requirements, in particular – also extend to private companies and smaller organizations that conduct business with public companies.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Profit and Loss Compliance Finance 52

CFO Leadership

JANUARY 5, 2024

While public companies are legally obligated (or are soon expected to be obligated) to meet a growing number of ESG-related regulatory requirements around the world, many of these compliance burdens – and reporting requirements, in particular – also extend to private companies and smaller organizations that conduct business with public companies.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Profit and Loss Compliance CFO 52

PYMNTS

JANUARY 15, 2019

During the fourth quarter, so did profit per share ($1.21 The FI’s Q4 profit was $6.1 Total credit losses were $721 million in fourth quarter 2018, up $41 million from third quarter 2018,” the bank said in its financial report. Our corporate risk management team members grew by approximately 1,300, or 15 percent, in 2018.”.

Profit and Loss 46

Profit and Loss Risk Management Compliance Banking 46

CFO Simplified

MARCH 11, 2024

But what’s missing is the “home care” that’s needed to make sure that their firm is running efficiently and profitably. Financial Management: Many lawyers lack formal training in financial management, which can lead to challenges in budgeting, cash flow management, and understanding profitability.

Profit and Loss 52

Profit and Loss CFO Invoicing Risk Management 52

PYMNTS

JANUARY 15, 2019

During the fourth quarter, so did profit per share ($1.21 The financial institution’s Q4 profit was $6.1 Total credit losses were $721 million in fourth quarter 2018, up $41 million from third quarter 2018,” the bank said Tuesday its in financial report. billion, down about 1.6 percent year over year.

Profit and Loss 43

Profit and Loss Risk Management Banking Compliance 43

PYMNTS

DECEMBER 13, 2018

He added that corporates should instead tackle their FX risk mitigation in more manageable — and more regular — occurrences to prevent “buyers’ remorse” and protect themselves against financial losses.

Foreign Exchange 62

Foreign Exchange Currencies Profit and Loss Finance 62

PYMNTS

FEBRUARY 28, 2020

The total financial damage from the leak is still being tallied, but the loss of trust experience by Desjardins’ members cannot be easily undone. The breach resulted in more than $5 million in losses, but the damage done to CU members’ trust was incalculable. Problems outside CUs’ control can affect members’ faith in their FIs, too.

Profit and Loss 52

Profit and Loss Securities Benchmarking Nonprofit 52

PYMNTS

JULY 11, 2017

More than two-thirds told researchers that compliance and regulatory requirements are holding them back from providing more trade finance in the short term, while cost control pressures were identified as the top challenge for FIs’ (financial institutions) trade finance operations.

Finance 43

Finance Invoicing Profit and Loss Credit Risk 43

CFO News Room

NOVEMBER 22, 2022

Michael Kitces is Head of Planning Strategy at Buckingham Strategic Wealth , a turnkey wealth management services provider supporting thousands of independent financial advisors. ” Matthew: It’s very risk management based. Author: Michael Kitces. Team Kitces. You’re obtaining clients.

Planning 130

Planning Communication Profit and Loss Education 130

The Charity CFO

APRIL 15, 2022

Why HR compliance issues are a bigger risk than tax compliance for most organizations (and why you shouldn’t trust your accountant with HR). I did risk management. Um, and more importantly, we talk about that transition plan for a lot of nonprofits that are dealing with, uh, the loss of their accountants.

Nonprofit 52

Nonprofit Accounting CFO Problem Solving 52

Barry Ritholtz

MARCH 27, 2023

It’s a matter of making better decisions and being more profitable. You have a lot — RITHOLTZ: The emerging manager category? The survival rate of an emerging manager is low. There are a ton of expenses, and they’re getting higher with compliance and marketing and reporting and investor relationship, et cetera.

Investments 114

Investments Restructuring Profit and Loss Finance 114

Barry Ritholtz

JUNE 27, 2023

BORISH: So one of the geniuses of Paul in really understanding futures markets in general is that most of the innovative risk management approaches came out of the futures markets because of the using margin. RITHOLTZ: Put up your losses in advance. So now what do you do with risk management? BORISH: With pleasure.

Math 59

Math Risk Management Profit and Loss Marketing 59

Barry Ritholtz

JANUARY 14, 2025

Maybe we should do this out from under the compliance regulations of a broker dealer? And if they make sure that there’s not gonna be massive losses at different tables on the same night, same weekend, same month, over time, they will just, just statistically accrue profits in a, in a more consistent manner.

Investments 59

Investments Finance Profit and Loss Numbers 59

Global Finance

OCTOBER 31, 2024

For the commercial banking sector, continuous innovation, strong product development and customer service, and effective risk management are just some of the critical elements necessary to sustain and grow a franchise. During this time, much of the sector enjoyed healthy profitability bolstered by expanding net interest margins.

Banking 59

Banking Profit and Loss Risk Management Leadership 59