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TPBank selects Wolters Kluwer’s OneSumX IFRS9
January 28, 2021 GMT
Vietnam’s Tien Phong Commercial
Joint Stock Bank (TPBank) has chosen Wolters Kluwer’s Finance, Risk & Regulatory Reporting (FRR) business to provide software for helping to ensure compliance with International Financial Reporting Standard (IFRS) 9. The bank will use OneSumX IFRS 9, a module of OneSumX for FRR, for managing its obligations around the accounting standard which is set to be implemented in Vietnam in 2023.
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OneSumX IFRS 9 offers a solid framework combining lifecycle information on each individual financial instrument with a comprehensive set of IFRS 9 calculators. The resulting numbers are recorded in a transparent, traceable, and auditable contract level IFRS subledger. The solution supports regulatory disclosures from local supervisors across the globe and offers powerful reporting too
Arab Bank Group records $195m net profit for 2020
AMMAN, January 25, 2021 Arab Bank Group closed 2020, reporting a net income after tax of $195.3 million as compared to $846.5 million in 2019, recording a drop of 77%. The group equity grew to reach $9.4 billion. The Board of Directors has recommended to the shareholders the distribution of 12% cash dividends for the financial year 2020. The year 2020 was challenging for the global and regional banking sectors due to economic contraction, higher cost of risk, and lower interest rates in addition to the plunge in oil prices since the outbreak of the pandemic. The bank entered the crisis from a position of strength, with stable credit quality coupled with sound liquidity and capital ratios. The drop in profits is attributable to the build up of higher provisions, driven by the deterioration of the macro-economic environment regionally and globally, and to lower revenues from interest and fee income due t
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CARY, N.C., Jan. 14, 2021 /PRNewswire/ For the 15
th consecutive year, SAS has been named one of the top risk technology players in Chartis global RiskTech100
® 2021 report. The analytics leader ranked fifth overall, and its risk management solutions won three industry categories: Risk & Finance Integration, Model Risk Management and International Financial Reporting Standard 9 (IFRS 9).
Named one of the top risk and compliance technology providers by Chartis for 15 consecutive years, analytics leader SAS ranked fifth overall in the global Chartis RiskTech100® 2021 report and won three industry solution categories: Risk & Finance Integration, Model Risk Management and International Financial Reporting Standard 9 (IFRS 9).
Draft motion for a resolution on behalf of the Greens/EFA Group The European Parliament, - Having regard to the conclusions of the G20 of London the 2 - 3 A.