Commentary from SunGard experts on news and events affecting the financial services industry.
Contributor: SunGard Viewpoint
Q: Tell us a bit about the challenges you’re seeing in the asset management industry today. What are customers asking for? A: Today’s industry has become more and more dynamic, and we still see growth in the volumes of different types of products available. The challenges can be put down into two broad areas...... read more
Contributor: Dave Zdechlik
In my last blog, I discussed that IFRS is coming and it will affect many facets of your organization…not just the accounting department. It focused on assessing how IFRS may affect your organization and some ideas as to what type of planning could take place now. Within this blog I wanted to discuss a topic that should definitely be part of our IFRS planning but may only come to our mind in a general sense when pondering IFRS. Regarding IFRS, we normally think about the accounting pronouncement(s) that may affect our organization. For example, what will our financial statements look like, what new software will be required for our accounting system…etc. But what about our human capital?... read more
Contributor: Eileen VanScoy
Risk and regulatory compliance can impact nearly every operational process and technology platform in banks, brokerage and trust firms. Within the coming years, financial services institutions will face a multitude of regulatory and accounting changes. At the same time, they will need to control systemic, counterparty and financial risk, and increase efficiencies and service.... read more
Contributor: Dave Zdechlik
I don’t think Paul Revere was very worried about IFRS in 1775; however today, as with the British back then, IFRS is coming. We keep hearing about the SEC decision in 2011. What does that really mean? As mentioned in last month’s blog post, if the SEC decides to require IFRS prepared financial statements, the talk is that 2015 would be the first year of IFRS only financial statements (the first year of no dual reporting of GAAP and IFRS). However, don’t be deceived, the SEC requires three years of comparative financial statements which means 2013 would be the first year of financial statements prepared under IFRS.... read more
Contributor: Anshuman Anand
Reporting for insurance companies -- IRDA has issued reporting guidelines in the past and has now established a committee to examine the International Financial Reporting Standards (IFRS) proposal issued by the International Accounting Standards Board (IASB) on July 30, 2010, for a comprehensive standard to address recognition, measurement, presentation and disclosure for insurance contracts. The committee will evaluate the various requirements and accounting standards, identify gaps and suggest various measures so that the insurance industry can move towards IFRS compliance by 2012.[1] This is a significant move at a time when the insurance world in general is looking for greater consistency in reporting standards.... read more
SunGard is one of the world’s leading software and technology services companies. Our four businesses serve approximately 25,000 customers in more than 70 countries.
© SunGard 2002–2013
older posts
