BACKGROUND: The International Financial Reporting Standard 9 (IFRS 9) was introduced as a result of the 2008 financial crisis to make accounting for loan losses more forward-looking and to give markets better information about where Banks may be exposed to risk. The COVID-19 crisis has resulted in an extensive array of Government-backed measures to support […]
Overview: On January 1, 2021, the US Congress passed the Anti-Money Laundering Act of 2020 (AMLA) as part of the National Defense Authorization Act for Fiscal Year 2021. AMLA includes substantial reforms to US anti-money laundering (AML) and counter-terrorism financing (CFT) laws since the Banking Secrecy Act of 1970 and the USA Patriot Act of […]
A. The State of the World Economy A stronger starting point for the 2021–22 forecast. Multiple vaccine approvals and the launch of vaccination in some countries in December have raised hopes of an eventual end to the pandemic. Three questions. These developments raise three interrelated questions for the global outlook. How will restrictions needed to […]
Overview: Coronavirus (COVID-19) is already having a profound effect on people’s lives and the economy. Corporateand commercial banks have a central role to play in supporting the global economy during the crisis, and infacilitating a rapid and sustained recovery afterwards. On top of normal commercial lending, banks will play akey role in implementing many of […]
1st Hour2nd Hour3rd HourDay 1Major Trends: Virtual work is here to stayCompanies double down on digitalTeams play an essential role HR design is a strategic focusEmployee experience is redefinedHR delivers value through an outside/ in approach Mental health gets the attention it deservesData becomes the new currencyDEI (diversity, equality and inclusion) receives major focusDay 2Workers […]
Grand Rotana Resort & Spa - Sharam El Sheikh – Egypt, 29 -30 July 2022
