Financial Services Blog


By Mark Spencer | BDO United Kingdom | 15 November 2019

Headaches about your LIBOR-based contracts? Try this

I recently saw a headline in the Financial Times that said some big banks think that shifting out of LIBOR may cost more than Brexit. I am sure that headline caused a collective gasp in some corners of the United Kingdom.It is hard to say which one of these monumental changes...


By Ernest de Lachica | BDO United States | 11 November 2019

Getting valuations right for the IBOR transition

I’m a fan of James Bond films and can think of at least three films that included scenes on a train. There’s something high-stakes and action-filled about trains on the move.I see some parallels between moving trains and the transition away from Inter-Bank Overnight Rates...


By Michael Hammer | BDO Austria | 14 October 2019

Now that €STR is here, what will happen to posted collateral?

Less than two weeks ago, the European Central Bank (ECB) published the euro short-term rate (€STR) for the first time. This marked a milestone for the ECB in the transition efforts on IBOR reform. Since the introduction of the euro, it is the first time that a crucial euro...


By Frank Gerber | BDO Germany | 29 May 2019

Get ready for the coming BAIT audit

At the end of 2017, the German federal financial supervisory authority (BaFin) released a circular providing details about its requirements for IT security and processes at German credit institutions. Called BAIT, or Bankaufsichtliche Anforderungen an die IT, the circular...


By Mateja Vrankar | BDO Slovenia | 08 March 2019

Why should men and women be treated differently?

On International Women’s Day this year, I want to share my story of how I balance family life and career.I am very satisfied with my life, and it is my hope that other women around the world can also build a life they love. In my case, it was very important to me to be able to...


By Sam Khoury | BDO Canada | 31 January 2019

Part 3: Fintechs and privacy – not to be taken lightly

Privacy is perhaps the most difficult to manage of the three areas of IT security risk that I’ve talked about in my blogs. (In the first article, I discussed security and in the second availability.)Indeed, if privacy risk is not managed properly, it will end up weakening a...


By Sam Khoury | BDO Canada | 24 January 2019

Part 2: Availability is non-negotiable

Watching how fintechs and established financial services companies come together is a bit like watching a romantic comedy.There always seems to be some big mismatch between the two partners that may seem inconsequential but is actually quite serious. One or the other partner...


By Sam Khoury | BDO Canada | 17 January 2019

How fintechs can turn their IT security into a USP

Watching how fintechs and established financial services companies come together is a bit like watching a romantic comedy.There always seems to be some big mismatch between the two partners that may seem inconsequential but is actually quite serious. One or the other partner...


By Martin Geisler | BDO Germany | 04 January 2019

Location, location, location: What Germany is getting right in supporting its fintechs

In a networked economy, the German model of building strong economic infrastructure in each federal state, instead of centralizing institutions in one city, like Paris or London, is proving to be very valuable. Today, we can see the benefits of Germany’s decentralized...


By David Devereux | BDO Ireland | 12 December 2018

Headed to Ireland? What small and mid-sized financial services companies need to consider

As financial services companies look for a new home in Ireland in the midst of a potential Brexit, they must consider a myriad of issues as they go through the formal application process with the Central Bank and prepare to make the move.As financial services companies look...