Financial Services Blog


By Michael Hammer | BDO Austria | 17 February 2020

My advice on cash compensations in the IBOR transition

The new year brings with it new phases in the transition out of IBOR (InterBank Offered Rates). And the momentum is increasing. In 2020, there will be significant milestones in the transition, and for the first time, cash will begin to change hands.The cash compensations will...


By Marnus Fourie | BDO South Africa | 06 February 2020

Calling all insurance fintechs: South Africa has hung out a welcome sign for micro-insurers

Banking via cell phone has spread faster than most people thought possible. It is Africa’s latest success story, with companies like Kenya’s M-Pesa at the forefront of technology evolution with a user base of more than 37 million.In South Africa, the regulator – promoted by...


By Pablo Flores Cejudo | BDO Netherlands | 27 January 2020

Three technologies for managing the next steps in your IBOR transition

I have seen quite a few firms advertising their support for companies during the IBOR transition using buzzwords like artificial intelligence and machine learning. They seem to say that these technologies can ease the pain and suffering of companies that need to change to a...


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...