Ernst & Young

Displaying 1-25 of 25 results

  • White Papers // Sep 2010

    What Do The Proposed Lease Accounting Changes Mean For Financial Institutions?

    We believe that the business impact of the proposals on financial institutions will be significant. On one hand, off-balance sheet financing for lessees will no longer be possible. This is likely to result in a reduction in leasing business for financial institutions, as well as changes to lease structures and...

    Provided By Ernst & Young

  • White Papers // Jul 2010

    Planning For Growth: Customer Reach

    The Planning for growth report is based on further global research - both externally and internally - to try to form an overview of the next three years from the business world's perspective. The results of the research are published in the full Planning for growth report. This was followed...

    Provided By Ernst & Young

  • White Papers // Apr 2010

    Revenue Recognition On The Sale Of Virtual Goods

    Many online game operators facilitate the sale of virtual goods by incorporating a virtual currency within the online game. Virtual currencies generally are earned either through user actions, progress within the game or purchased for cash. For example, virtual currency can be earned by completing an action for an advertiser...

    Provided By Ernst & Young

  • White Papers // Oct 2009

    Inside IFRS: The Opportunity for Energy IT

    Conversion to International Financial Reporting Standards (IFRS) will likely be the largest single change of accounting policies and procedures ever undertaken by US companies. The move to IFRS may compel companies to make significant changes in business processes and supporting systems beyond the finance function. While the proposed timelines for...

    Provided By Ernst & Young

  • White Papers // Sep 2009

    Adapting to a New Future: Impact of the Credit CARD Act of 2009 on Financial Institutions

    Consistent with the current government focus on enhancing consumer protection, the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act of 2009) brings sea changes to the credit card industry. Forward-looking financial services institutions are viewing these shifts not as a reactive compliance and operational exercise, but...

    Provided By Ernst & Young

  • White Papers // Aug 2009

    Economic Capital (EC) Meets the Real World

    In the last several months, all have witnessed financial market turmoil at a level unprecedented in the post-Depression era. At the same time, many North American life and non life insurers have been implementing EC methods designed to help manage risk and capita levels. Most commonly, these measures are based...

    Provided By Ernst & Young

  • White Papers // Aug 2009

    Business Advisory Services Finance Improvement

    Industry challenges have never been greater for chief financial officers (CFOs). The current market conditions and the pace of regulatory change have all pushed CFOs into a more active role. Today, the role of the CFO has evolved beyond being the director of a support function to being a true...

    Provided By Ernst & Young

  • White Papers // Aug 2009

    Serving the Hedge Fund Industry: Seasoned Professionals for a Time of Change

    Hedge funds are facing a time of unprecedented challenge and opportunity. With market uncertainty and tight credit markets, funds are closing in record numbers. Gates and lockups are more frequent. Fee structures are changing. Regulators and investors are increasing demands for transparency. And for the first time since 2000, fund...

    Provided By Ernst & Young

  • White Papers // Aug 2009

    The Hedge Fund Disclosure Paradox

    It has long been accepted that risk management is a core competency for generating absolute returns within a hedge fund strategy. Historic performance levels supported the view that expertise in identifying, measuring and managing risk was proprietary. Prior to the downturn, superior performance enabled hedge fund managers to diffuse investor...

    Provided By Ernst & Young

  • White Papers // Aug 2009

    Taming the Market Turmoil: Key Risks and Responses for Asset Managers

    Dealing with the market crisis and its immediate challenges is the top risk for asset managers in 2009. This involves preserving capital and reevaluating risk management capabilities and controls - while maintaining the business. However, other strategic risks warrant the attention of both traditional and alternative asset managers as they...

    Provided By Ernst & Young

  • White Papers // Aug 2009

    In Search of a Silver Bullet for Risk Management

    With government funding of the financial services sector in full swing nearly the world over, all eyes are focused on how financial institutions manage their businesses and control their risks. For the foreseeable future, the industry can expect elevated levels of distrust, scrutiny and regulation. While the campaign to improve...

    Provided By Ernst & Young

  • White Papers // Aug 2009

    Achieving Remarkable Returns: Consider an Investment in Treasury Management

    What's the return on treasury? A large alternative investment manager obtained a partial answer while examining its cash management practices, including overnight investing. A few simple changes to its operating practices are now saving the company millions of dollars annually. And no, it isn't the installation of a whole new...

    Provided By Ernst & Young

  • White Papers // Jul 2009

    IT Must Play a Key Role in Adapting to IFRS

    In late November 2008, the Securities and Exchange Commission (SEC) released for comment its proposed roadmap of the steps required for conversion from US Generally Accepted Accounting Principles (US GAAP) to International Financial Reporting Standards (IFRS). Its release takes closer to a single set of high-quality, globally accepted accounting standards,...

    Provided By Ernst & Young

  • Case Studies // May 2009

    Increasing Flexibility Through IT Outsourcing

    Despite the potential benefits, the outsourcing decision is not always an easy one to make. There are many unique risks that must be addressed. Staff issues featured at the top of the list of difficulties identified by the outsourcing survey, cited by 12% of respondents. Such staff problems may be...

    Provided By Ernst & Young

  • White Papers // Mar 2009

    Anti-Money Laundering Advisory Services

    Governments and regulatory agencies have strict and unyielding expectations regarding the quality and completeness of Anti-Money Laundering (AML) programs within the financial services community. The rules cover many aspects of company functions and across the globe touch on nearly every sector of the financial services industry. Financial institutions are expected...

    Provided By Ernst & Young

  • White Papers // Feb 2009

    Opportunities in Adversity: Responding to the Crisis

    The economic news at the beginning of the New Year has made for grim reading. Headlines hype to attract attention and journalists simplify, but the collective media assessment of 2008 is clearly "economic crisis" and the forecast for 2009 is clearly "economic challenge". And by any measure, the past few...

    Provided By Ernst & Young

  • White Papers // Feb 2009

    Suspicious Activity Reporting: Maximizing Impact and Mitigating Risk

    An effective Suspicious Activity Reporting (SAR) process is a critical foundational element in any anti-money laundering program and yet, the financial services industry continues to struggle with getting it right. Having a flawed and inefficient SAR process can weaken the effectiveness of even the most robust and well-thought-out AML program,...

    Provided By Ernst & Young

  • White Papers // Feb 2009

    Challenges and Solutions for Global Economic Sanctions Compliance

    Off late greater international pressure is being placed on financial institutions to block terrorist financing. As a result, sanctions compliance programs are being scrutinized by regulators like never before. Clearly, many financial institutions are grappling with the complexities of overlapping sanctions regimes, as well as the realization that sanctions compliance...

    Provided By Ernst & Young

  • White Papers // Jan 2009

    A Risk-Based Approach to Segregation of Duties: An Executive Primer

    Segregation of Duties (SoD) is a hot topic of conversation among a range of professionals, from compliance managers to executive-level officers. The outpouring of interest in SoD is due, in part, to the requirements of Sarbanes-Oxley (SOX) in the US and other similar control-driven regulations worldwide. However, there is another...

    Provided By Ernst & Young

  • White Papers // Jan 2009

    Cost Reduction Through Virtualization And Cloud Computing

    Cost reduction is a "Top-of-mind" issue for most business executives in today's turbulent environment. Many organizations are looking to drive costs out of the IT function, and still others are looking for ways where technology can help rationalize costs across the enterprise. This issue covers two important IT trends which...

    Provided By Ernst & Young

  • White Papers // Jan 2009

    Viewpoint: Globalization in the Asset Management Industry

    This paper considers the progress of globalization in the asset management industry to date, and the potential impact of recent market disruption. It explores the fundamental drivers and enablers of greater globalization, as well as the key challenges facing individual firms. It also considers how the direction of globalization may...

    Provided By Ernst & Young

  • White Papers // Jan 2009

    Step Out From Behind Your Desk

    Off late executive leadership teams have hired and empowered risk management professionals to buy insurance, administer contract insurance provisions, manage claims and loss reserves, market and design insurance programs and manage broker and other insurance vendor relationships. The mission of these professionals was to design and implement cost-effective insurance risk...

    Provided By Ernst & Young

  • White Papers // Nov 2008

    Strategic Business Risk: Media and Entertainment

    Financial risk and regulatory risk have been the focus of much of this effort. In both cases, there are externally determined rides and frameworks with which companies in media and entertainment need to comply and emerging best practice guidance on processes and controls that can help. It has worked with...

    Provided By Ernst & Young

  • White Papers // Oct 2008

    Recent Market Events: Accounting and Reporting Considerations

    Losses and write-downs at major financial institutions have intensified concerns about credit and liquidity risks and resulted in a further sharp reduction of market liquidity. Credit risk spreads - particularly for structured credit products - have widened dramatically, and securitization activity has all but shut down in a number of...

    Provided By Ernst & Young

  • White Papers // Jul 2005

    East Meets West: The Convergence of Western and Traditional Chinese Medicines

    From acupuncture and acupressure to homeopathy, naturopathy, chiropractic, massage therapy, botanicals, and herbal teas and supplements - Western consumers have indicated their desire for less intrusive, more preventive, wellness-focused, and systemic approaches to health care. The paper depicts that to address the innovation and IP protection deficits, the Chinese government...

    Provided By Ernst & Young

  • White Papers // Aug 2009

    Business Advisory Services Finance Improvement

    Industry challenges have never been greater for chief financial officers (CFOs). The current market conditions and the pace of regulatory change have all pushed CFOs into a more active role. Today, the role of the CFO has evolved beyond being the director of a support function to being a true...

    Provided By Ernst & Young

  • White Papers // Aug 2009

    Achieving Remarkable Returns: Consider an Investment in Treasury Management

    What's the return on treasury? A large alternative investment manager obtained a partial answer while examining its cash management practices, including overnight investing. A few simple changes to its operating practices are now saving the company millions of dollars annually. And no, it isn't the installation of a whole new...

    Provided By Ernst & Young

  • White Papers // Aug 2009

    The Hedge Fund Disclosure Paradox

    It has long been accepted that risk management is a core competency for generating absolute returns within a hedge fund strategy. Historic performance levels supported the view that expertise in identifying, measuring and managing risk was proprietary. Prior to the downturn, superior performance enabled hedge fund managers to diffuse investor...

    Provided By Ernst & Young

  • White Papers // Aug 2009

    Taming the Market Turmoil: Key Risks and Responses for Asset Managers

    Dealing with the market crisis and its immediate challenges is the top risk for asset managers in 2009. This involves preserving capital and reevaluating risk management capabilities and controls - while maintaining the business. However, other strategic risks warrant the attention of both traditional and alternative asset managers as they...

    Provided By Ernst & Young

  • White Papers // Aug 2009

    In Search of a Silver Bullet for Risk Management

    With government funding of the financial services sector in full swing nearly the world over, all eyes are focused on how financial institutions manage their businesses and control their risks. For the foreseeable future, the industry can expect elevated levels of distrust, scrutiny and regulation. While the campaign to improve...

    Provided By Ernst & Young

  • White Papers // Jan 2009

    A Risk-Based Approach to Segregation of Duties: An Executive Primer

    Segregation of Duties (SoD) is a hot topic of conversation among a range of professionals, from compliance managers to executive-level officers. The outpouring of interest in SoD is due, in part, to the requirements of Sarbanes-Oxley (SOX) in the US and other similar control-driven regulations worldwide. However, there is another...

    Provided By Ernst & Young

  • White Papers // Oct 2008

    Recent Market Events: Accounting and Reporting Considerations

    Losses and write-downs at major financial institutions have intensified concerns about credit and liquidity risks and resulted in a further sharp reduction of market liquidity. Credit risk spreads - particularly for structured credit products - have widened dramatically, and securitization activity has all but shut down in a number of...

    Provided By Ernst & Young

  • White Papers // Nov 2008

    Strategic Business Risk: Media and Entertainment

    Financial risk and regulatory risk have been the focus of much of this effort. In both cases, there are externally determined rides and frameworks with which companies in media and entertainment need to comply and emerging best practice guidance on processes and controls that can help. It has worked with...

    Provided By Ernst & Young

  • White Papers // Oct 2009

    Inside IFRS: The Opportunity for Energy IT

    Conversion to International Financial Reporting Standards (IFRS) will likely be the largest single change of accounting policies and procedures ever undertaken by US companies. The move to IFRS may compel companies to make significant changes in business processes and supporting systems beyond the finance function. While the proposed timelines for...

    Provided By Ernst & Young

  • White Papers // Jul 2009

    IT Must Play a Key Role in Adapting to IFRS

    In late November 2008, the Securities and Exchange Commission (SEC) released for comment its proposed roadmap of the steps required for conversion from US Generally Accepted Accounting Principles (US GAAP) to International Financial Reporting Standards (IFRS). Its release takes closer to a single set of high-quality, globally accepted accounting standards,...

    Provided By Ernst & Young

  • White Papers // Apr 2010

    Revenue Recognition On The Sale Of Virtual Goods

    Many online game operators facilitate the sale of virtual goods by incorporating a virtual currency within the online game. Virtual currencies generally are earned either through user actions, progress within the game or purchased for cash. For example, virtual currency can be earned by completing an action for an advertiser...

    Provided By Ernst & Young

  • White Papers // Jul 2010

    Planning For Growth: Customer Reach

    The Planning for growth report is based on further global research - both externally and internally - to try to form an overview of the next three years from the business world's perspective. The results of the research are published in the full Planning for growth report. This was followed...

    Provided By Ernst & Young

  • White Papers // Jan 2009

    Cost Reduction Through Virtualization And Cloud Computing

    Cost reduction is a "Top-of-mind" issue for most business executives in today's turbulent environment. Many organizations are looking to drive costs out of the IT function, and still others are looking for ways where technology can help rationalize costs across the enterprise. This issue covers two important IT trends which...

    Provided By Ernst & Young

  • White Papers // Sep 2010

    What Do The Proposed Lease Accounting Changes Mean For Financial Institutions?

    We believe that the business impact of the proposals on financial institutions will be significant. On one hand, off-balance sheet financing for lessees will no longer be possible. This is likely to result in a reduction in leasing business for financial institutions, as well as changes to lease structures and...

    Provided By Ernst & Young

  • White Papers // Jul 2005

    East Meets West: The Convergence of Western and Traditional Chinese Medicines

    From acupuncture and acupressure to homeopathy, naturopathy, chiropractic, massage therapy, botanicals, and herbal teas and supplements - Western consumers have indicated their desire for less intrusive, more preventive, wellness-focused, and systemic approaches to health care. The paper depicts that to address the innovation and IP protection deficits, the Chinese government...

    Provided By Ernst & Young

  • White Papers // Feb 2009

    Opportunities in Adversity: Responding to the Crisis

    The economic news at the beginning of the New Year has made for grim reading. Headlines hype to attract attention and journalists simplify, but the collective media assessment of 2008 is clearly "economic crisis" and the forecast for 2009 is clearly "economic challenge". And by any measure, the past few...

    Provided By Ernst & Young

  • White Papers // Jan 2009

    Viewpoint: Globalization in the Asset Management Industry

    This paper considers the progress of globalization in the asset management industry to date, and the potential impact of recent market disruption. It explores the fundamental drivers and enablers of greater globalization, as well as the key challenges facing individual firms. It also considers how the direction of globalization may...

    Provided By Ernst & Young

  • White Papers // Sep 2009

    Adapting to a New Future: Impact of the Credit CARD Act of 2009 on Financial Institutions

    Consistent with the current government focus on enhancing consumer protection, the Credit Card Accountability Responsibility and Disclosure Act of 2009 (Credit CARD Act of 2009) brings sea changes to the credit card industry. Forward-looking financial services institutions are viewing these shifts not as a reactive compliance and operational exercise, but...

    Provided By Ernst & Young

  • White Papers // Jan 2009

    Step Out From Behind Your Desk

    Off late executive leadership teams have hired and empowered risk management professionals to buy insurance, administer contract insurance provisions, manage claims and loss reserves, market and design insurance programs and manage broker and other insurance vendor relationships. The mission of these professionals was to design and implement cost-effective insurance risk...

    Provided By Ernst & Young

  • White Papers // Aug 2009

    Economic Capital (EC) Meets the Real World

    In the last several months, all have witnessed financial market turmoil at a level unprecedented in the post-Depression era. At the same time, many North American life and non life insurers have been implementing EC methods designed to help manage risk and capita levels. Most commonly, these measures are based...

    Provided By Ernst & Young

  • White Papers // Feb 2009

    Suspicious Activity Reporting: Maximizing Impact and Mitigating Risk

    An effective Suspicious Activity Reporting (SAR) process is a critical foundational element in any anti-money laundering program and yet, the financial services industry continues to struggle with getting it right. Having a flawed and inefficient SAR process can weaken the effectiveness of even the most robust and well-thought-out AML program,...

    Provided By Ernst & Young

  • White Papers // Mar 2009

    Anti-Money Laundering Advisory Services

    Governments and regulatory agencies have strict and unyielding expectations regarding the quality and completeness of Anti-Money Laundering (AML) programs within the financial services community. The rules cover many aspects of company functions and across the globe touch on nearly every sector of the financial services industry. Financial institutions are expected...

    Provided By Ernst & Young

  • White Papers // Feb 2009

    Challenges and Solutions for Global Economic Sanctions Compliance

    Off late greater international pressure is being placed on financial institutions to block terrorist financing. As a result, sanctions compliance programs are being scrutinized by regulators like never before. Clearly, many financial institutions are grappling with the complexities of overlapping sanctions regimes, as well as the realization that sanctions compliance...

    Provided By Ernst & Young

  • White Papers // Aug 2009

    Serving the Hedge Fund Industry: Seasoned Professionals for a Time of Change

    Hedge funds are facing a time of unprecedented challenge and opportunity. With market uncertainty and tight credit markets, funds are closing in record numbers. Gates and lockups are more frequent. Fee structures are changing. Regulators and investors are increasing demands for transparency. And for the first time since 2000, fund...

    Provided By Ernst & Young

  • Case Studies // May 2009

    Increasing Flexibility Through IT Outsourcing

    Despite the potential benefits, the outsourcing decision is not always an easy one to make. There are many unique risks that must be addressed. Staff issues featured at the top of the list of difficulties identified by the outsourcing survey, cited by 12% of respondents. Such staff problems may be...

    Provided By Ernst & Young