Financial Services


By Dario Magagna | BDO Switzerland | 10 April 2018

Mid-sized banks face web of regulatory complexity - 3 tips from my practice

Since the financial crisis of 2008, banks have faced increasing regulatory scrutiny and a growing number of rules to follow. For many mid-sized banks, regulatory compliance is a costly and complex web to manage.Enter reg-tech, a range of IT technologies and solutions that...


By Alina Ley | BDO Germany | 22 March 2018

Three interesting business ideas that combine artificial intelligence and blockchain

Ever since I began working on my master’s thesis about the success factors of cryptocurrencies, I’ve been fascinated by blockchain technology.  For me, it’s clear that blockchain will be a real game-changer. This is one reason I write regularly for a German-language online...


By Matthew Goldberg | BDO United States of America | 15 March 2018

Curbing human bias in investment valuation

Five years ago, it was not uncommon to hear about investment managers not having a customized valuation policy to go along with their investment policy statements.Thankfully, this is not the case so often anymore: Nowadays, most asset managers have a framework describing how...


By Jörg Auf der Maur | BDO Switzerland | 01 March 2018

It is not all about billable hours

When I came back to the accounting industry three years ago, I was surprised to find that middle management had little experience or training in managing people. Everyone focused on crunching numbers and getting their own work done, and leading others was not always seen as a...


By Nils Brandt | BDO Germany | 16 February 2018

At the front lines of the fight against money-laundering in Germany: Financial institutions are asked to do the detail work

In 2016, Germany received 40 percent more reports of suspected money laundering than the year before, the highest increase in 15 years, according to officials. The newly established Financial Intelligence Unit (FIU), which is now handling investigations of suspected money...


By Arnaud Naudan | BDO France | 01 February 2018

How to get ready for the ECB knock on your door: 3 ways to prep for your TRIM audit

With the objective of regaining public trust in banks’ regulatory capital, the European Central Bank (ECB) is performing a Targeted Review of Internal Models (TRIM) and already began sending out teams of auditors to banks’ offices.


By Mark Spencer | BDO United Kingdom | 16 January 2018

What Tom Cruise seems to understand about IFRS 9

Recently while flipping through an old binder of DVDs, I came across the movie Minority Report starring Tom Cruise. I was reminded of the premise of the film – that a clairvoyant could know the mistakes we will make in our future. The idea came in handy a few days later as I...


By Mark Spencer | BDO United Kingdom | 19 December 2017

Getting ready for IFRS 9: The biggest changes in accounting rules since IFRS was implemented

Earlier this year, I was part of a group of auditors and accountants who worked on a paper on IFRS 9 that will support banks as they implement processes and systems to meet the new accounting standard. Contributing to this paper gave me a sense of professional pride and...


By Susanne De Zordi Bernkopf | BDO Switzerland | 05 December 2017

My advice on 3 approaches to digitization within your bank

Kids - including my own four - never cease to amaze me. When they manage to get their hands on digital devices, kids behave as if it’s an extension of their own bodies and brains. We adults may still fumble around, and we’re certainly known to panic every once in a while if...