Results for ‘funds’

Funds

The world around us is changing rapidly. With the energy transition, healthcare, education, pensions, integration, labor participation, data, and privacy, our country faces many societal challenges. Financing these challenges is a crucial issue, where the use of funds, often publicly initiated and financed, provides part of the answer.​

Navigating Uncertainty: An Interview with Arjen Pasma (PGGM) on How Pension Funds Prepare for Financial Market Risk

How does a pension company prepare for the risks and uncertainties inherent in financial markets? “One of the best ways to prepare is by practicing. The financial industry is actually poorly prepared for the unknown, and can even be surprised by something entirely uncertain. The leading economists at the beginning…

FINMA Circular on Nature-related Financial Risks 

Introduction In December 2024, FINMA published a new circular on nature-related financial (NRF) risks. Our main take-aways:  NRF risks not only comprise climate-related risks, but also other nature-related risks (such as loss of biodiversity, invasive species and degradation in the quality of air, water and soil). However, risks other than climate-related…

End of Days: Calling Time on Swift’s Outdated Cross-border Payments Model

The evolution of the payments industry over the past 20 years has been significant, both in terms of the number of available settlement methods and how transactions can now be made. At a global industry level, there has been a greater focus on payments since G20 leaders endorsed the Roadmap…

Software

Empowering Médecins Sans Frontières (MSF)/Doctors Without Borders to take control of FX uncertainty

Médecins Sans Frontières (MSF)/Doctors Without Borders is an international humanitarian organization, best known for their medical assistance in conflict zones and in countries affected by endemic diseases. MSF manages operations in more than 70 countries, providing medical support in the afore-mentioned areas. As a non-profit organization, MSF receives funding from…

Advanced Fraud Detection: AI Solutions for VAT Carousel Fraud in Banking

VAT Carousel Fraud (VCF) is a significant issue in the EU, costing an estimated €25-50 billion annually. We helped one of the largest Dutch banks become the first to develop a machine learning model specifically tailored to detect this type of fraud. Challenge​ A team within the bank manually identified…

Insights into cracking model risk for prepayment models

Within the field of financial risk management, professionals strive to develop models to tackle the complexities in the financial domain. However, due to the ever-changing nature of financial variables, models only capture reality to a certain extent. Therefore, model risk - the potential loss a business could suffer due to…

Liquidity Risk

Market Risk

Debt Market Update Q2-2024

The ECB reduced the deposit facility rate for the 1st time since September 2019. The recent 25 bps reduction leaves the rate at 3.75%. EU Loan & Bond markets see significant issuances in Q2 2024 during a period of lower spreads and significant demand from investors in European Corporate debt.…

Implications of CRR3 for the 2025 EU-wide stress test

With the introduction of the updated Capital Requirements Regulation (CRR3), which has entered into force on 9 July 2024, the European Union's financial landscape is poised for significant changes. The 2025 EU-wide stress test will be a major assessment to measure the resilience of banks under these new regulations. This…

SaaS PRIIPS

Surviving Prepayments: A Comparative Look at Prepayment Modelling Techniques

In brief Prepayment modelling can help institutions successfully prepare for and navigate a rise in prepayments due to changes in the financial landscape. Two important prepayment modelling types are highlighted and compared: logistic regression vs Cox Proportional Hazard. Although the Cox Proportional Hazard model is theoretically preferred under specific conditions,…

Navigating Carve-Outs: Treasury Transformation and Zanders’ Expert Solutions 

The corporate landscape is continuously reshaped by strategic realignments such as mergers, divestments, and other M&A activities, wherein a company divests a portion of its business or acquires other businesses to refocus its operations or unlock shareholder value. These transactions greatly affect Treasury management, influencing cash flow, banking structures, financial…

Find your formula: Our guide to pricing intra-group loans

In today's volatile macroeconomic climate, heightened by high interest rates, intra-group loans have become focal points for tax authorities. The application of an arm’s length interest rate in pricing these transactions has thus gained paramount importance. Organizations typically employ four main approaches—Comparable Uncontrolled Price (CUP), Cost of Funds, Economic Modeling,…

Treasury 4.x – Trends for Insurers

The productivity and performance of the treasury function within insurance companies have undergone a transformative evolution, driven by the emergence of what is now termed Treasury 4.x. In this digital era, characterized by rapid technological advancements, Insurance Treasury is transitioning towards a more dynamic and strategic role. Treasury 4.x is…

The EBA published its roadmap the implementation of Basel and starts with the first consultations

The European Banking Authority (EBA) published its roadmap on the Banking Package, which implements the final Basel III reforms in the European Union. This roadmap develops over four phases, and it is expected to be completed as follows: Phase 1: Covers 32 mandates in the areas of credit, market and operational risk,…

Greenwashing in Finance: Navigating the Shades of Sustainability

In recent years, consumers’ and investors’ interest in sustainability has been growing. Since 2015, assets under management in ESG funds have nearly tripled, the outstanding value of green bonds issued by residents of the euro area has surged eightfold, and emission-related derivatives have seen a more than sevenfold increase1.  The…

Debt Market Update Q4-2023

In the fourth quarter of 2023, European sovereign yields experienced a notable decline, reverting to levels reminiscent of early 2023. This shift was influenced by the European Central Bank (ECB), which opted to keep key interest rates stable as part of its strategy to achieve a 2% inflation target Consequently,…