“Did you hear that the government is giving out free loans that don’t need to be repaid? Sign me up – twice.”
Financial institutions were labeled as the cause of the 2008 financial crisis but are now being relied upon to provide credit to businesses in the current economic environment. How did this drastic..
COVID-19 is creating a dramatic impact on the global economy, and likely will continue to do so for a significant part of the year. This pandemic creates previously unseen challenges to portfolio..
The impacts of COVID-19 are just beginning to surface, posing new challenges to industries and businesses to stay operational and forcing them to rapidly adjust to a remote workforce. The potential..
As evidenced in the last few weeks and months, the world is ill prepared to detect and stop pandemic outbreaks. The impact of COVID-19 has caused unimaginable tragedy, forced inconceivable losses to..
Because it provides a tremendous opportunity for growth, the idea of executing an IPO is thrilling for many private companies. Despite the excitement, it is important to first consider whether the..
While the new revenue standard is “old news” for the majority of public companies, spring of 2020 will be the first time most private companies close their 2019 books and report under ASC 606. As..
With the planned cessation of London Interbank Offered Rate (LIBOR) only 25 months away, financial institutions across the globe are dedicating significant resources to building out their LIBOR..
The two most important Central Counterparty (CCP) Clearing houses in the world, the Chicago Mercantile Exchange (CME) and the London Clearinghouse (LCH), have laid out preliminary proposals for the..
Recently, we presented at the AICPA National Banking and Financial Institutions Conference on leveraging automation and analytics to enable financial strategy. Three key takeaways stood out:
With just 27 months remaining until LIBOR may become unusable or unavailable, firms need to accelerate their LIBOR transition planning. Based on a recent series of conversations with large financial..
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