GDPR goes live on May 25: DOES IT IMPACT YOU?
by Jack Large
Are you liable to a fine of 4% of annual global turnover or €20 Million (whichever is greater) due to contravening GDPR regulations in the EU?
Control & Compliance in Operations
Background
Not only do corporate treasurers have to ensure water tight controls in all their operations and risk management, they have to prove it by having full records of what has been carried out and why.…
Read moreEU’s key steps to becoming global hub for fintech
by Bija Knowles
The European Commission (EC) has set out some key goals that will progress its aim of becoming a global hub for fintech, including boosting crowdfunding across the Single Market
GDPR and NIS: Risks and opportunities in data security
by Bija Knowles
GDPR is just 10 weeks away but many organisations are not doing all they can to protect data privacy – and some are even missing out on opportunities through fear of collecting too much data
How will financial regulation shape the year ahead?
by Bija Knowles
The promised repeal of Dodd-Frank in the US, Europe's GDPR and MiFID II, and rapid fintech developments, some of which bring automation, are some of the regulatory forces shaping 2018
Companies warned to prepare now for FASB leasing standard
by Bija Knowles
New lease accounting standards will come into effect from 1 January 2019 but few companies are ready. Tax, reporting and technology will be affected
100 days to GDPR: majority of companies will be ready
by Bija Knowles
In the count down to the EU's General Data Protection Regulation (GDPR), the majority of organisations worldwide are now ready to comply – having spent an average of US$1.5 million
Six CFOs who went out with a bang
by Bija Knowles
What happens after the CFO quits? It can signal uncertainty to financial stakeholders if the departure is announced suddenly or at a critical time
Legal but not fair: the cultural shift on tax
by Bija Knowles
Tax efficiency or tax avoidance: unlike evasion, both are legal and legitimate ways for companies to reduce their tax bill but the issue is increasingly becoming a significant moral challenge
40% of European firms – 67% globally – unprepared for GDPR
by Bija Knowles
With four months to go, just a third of companies globally have a plan in place to comply with the General Data Protection Regulation, which comes into force on 25 May 2018
Thomson Reuters launch Data Privacy Advisor for global privacy compliance
by Kylene Casanova
Next-generation question-answering feature, Ask Watson, helps companies comply with the never ending flood of new data privacy regulations
CFOs focus on reducing operational costs
by Bija Knowles
Chief financial officers are faced with expanding responsibilities when it comes to driving corporate growth – but taking cost out of the business is an overall priority
How to get on top of regulatory compliance?
by Kylene Casanova
Future solutions will include 1) database driven solutions, e.g. Thomson Reutures MiFID II and 2) machine-executable rules. Will they ever be combined?
Too many corporates taking wait-and-see approach to BEPS
by Bija Knowles
Only a fifth of companies are actively making significant changes based on the OECD's BEPS recommendations, with focus mainly on changes to transfer pricing and intercompany agreements
10 corporate priorities for 2018: cyberattack is #1
by Bija Knowles
Cyberattack is the greatest threat to markets in 2018 but company directors should also be focusing on corporate social responsibility, boardroom diversity and shareholder activism
Corporate treasury milestones and trends for 2018
by Bija Knowles
What are the trends and events to look out for in the year ahead? CTMfile summarises some of the regulatory, political, trade and financial milestones that will shape 2018
Multinationals to benefit most from US tax reform
by Bija Knowles
Half of US chief financial officers think that large companies will benefit the most from the tax reform bill passed yesterday in the US
How do you see the future of corporate income tax?
by Bija Knowles
Some of the major economies are cutting corporate tax rates – but what if corporate income was taxed at the point of sale, where goods or services are sold to the end-customer?
Get the ‘Cloud zoo’ under control to keep data secure
by Bija Knowles
The adoption of Cloud-based services and a lack of well-defined security strategies are two of the factors that mean companies are struggling with their data. GDPR will make this an urgent matter
Not all cost saving programmes are worth it
by Jack Large
Deloitte’s first global cost management survey report finds cost reduction is a global imperative, but many organizations fail to meet low targets
Easing the transition to new IFRS 17 for insurance contracts
by Bija Knowles
IFRS 17 has been called “the first truly international IFRS standard for insurance contracts” and will come into effect from the start of 2021, replacing IFRS 4 Insurance Contracts
Seven principles for effective financial statements
by Bija Knowles
Irrelevant data or lack of data are some of the key communication errors financial professionals make in disclosures to investors – a report outlines how six companies took steps to improve
Is tax an opportunity to drive growth?
by Bija Knowles
Four-fifths of mid-sized businesses see tax as 'an opportunity to drive growth' according to KPMG, while more than half said that growth and investment was the main motivator in tax affairs
Is tax compliance creating cash flow delays?
by Bija Knowles
Financial professionals often say they feel overwhelmed by their compliance workload – but companies are actually spending less time on tax compliance
18% of multinationals ‘highly confident’ of GDPR compliance
by Bija Knowles
Just 18 per cent of companies are ‘highly confident’ they will be able to comply fully with GDPR by the May 2018 deadline and many organisations may be at risk of non-compliance