EBA publishes final guidelines on the remuneration of sales staff

EBA publishes final guidelines on the remuneration of sales staff

The European Banking Authority (EBA) published today its final
Guidelines on remuneration policies and practices related to the provision and sale of retail banking products and services.

The EBA had previously identified poor remuneration policies and practices as a key driver of miss-selling of financial products and services. The Guidelines aim, therefore, to protect consumers from related risks and to reduce conduct costs for financial institutions.

They will apply from 18 January 2018.

Scarica il Final report on Guidelines on remuneration of sales staff (EBA-GL-2016-06)

IFRS Foundation publishes the 2016 Pocket Guide to IFRS Standards

IFRS Foundation publishes the 2016 Pocket Guide to IFRS Standards

Mission Statement IFRS

Our mission is to develop IFRS Standards that bring transparency, accountability and efficiency to financial markets around the world. Our work serves the public interest by fostering trust, growth and long-term financial stability in the global economy.

  • IFRS Standards bring transparency by enhancing the international comparability and quality of financial information, enabling investors and other market participants to make informed economic decisions.
  • IFRS Standards strengthen accountability by reducing the information gap between the providers of capital and the people to whom they have entrusted their money. Our Standards provide information that is needed to hold management to account. As a source of globally comparable information, IFRS Standards are also of vital importance to regulators around the world.
  • IFRS Standards contribute to economic efficiency by helping investors to identify opportunities and risks across the world, thus improving capital allocation. For businesses, the use of a single, trusted accounting language lowers the cost of capital and reduces international reporting costs.

La Fondazione IFRS ha pubblicato una Guida tascabile agli standard IFRS che può essere scaricata a questo link.

Launch of The European Cards Stakeholders Group (ECSG) – September 15, 2016

Launch of The European Cards Stakeholders Group (ECSG) – September 15, 2016

Launch of the ECSG
The European Cards Stakeholders Group (ECSG), is happy to announce today the creation of this new multi-stakeholder association dedicated to the promotion of card harmonisation in the Single Euro Payments Area (SEPA). Built on the foundations of the Cards Stakeholders Group (CSG), which was created by the EPC in 2009 and has now reached maturity, the ECSG is taking over the CSG’s mission. The transformation of the CSG into the ECSG, with the formal legal status of an international not-for-profit association, reinforces the commitment from the five industry sectors which were already represented in the CSG:
— the retailers/wholesale
— the vendors (cards, payment devices, related IT systems)
— the processors of card transactions
— the card schemes
— and payment service providers, represented by the EPC
In total, the ECSG gathers 32 organisations, plus four observers, including the European Commission and the European Central Bank, which have supported the creation of this new association.
The main mission of the ECSG is to develop and maintain the SEPA Cards Standardisation Volume (the Volume), a key document for the card industry, defining guidelines for card standardisation, interoperability and security in Europe. In addition, the ECSG will promote conformance to the Volume, which is a self-regulatory initiative.

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La Fondazione Nazionale dei Commercialisti (FNC) ha pubblicato uno studio su “Gli organi di controllo aziendale. I rapporti di collaborazione del sistema di controllo interno”.

La Fondazione Nazionale dei Commercialisti (FNC) ha pubblicato uno studio su “Gli organi di controllo aziendale. I rapporti di collaborazione del sistema di controllo interno”.

Gli organi di controllo aziendale. I rapporti di collaborazione del “sistema di controllo interno”

di Andrea Onori.

Introdotto in Italia dalla Legge Draghi (D.Lgs. 24 febbraio 1998, n. 58) il controllo interno serve a tenere alta l’attenzione sui rischi legati all’esercizio del business e cerca di garantire l’equilibrio tra gli obiettivi economici aziendali e quelli di conformità alle leggi ed ai regolamenti in vigore.

Disporre di un buon sistema di controllo è l’ambizione di ogni azienda che ha a cuore il proprio successo.

Molteplici possono essere gli organi di controllo che operano in un’azienda o ente ed in alcuni casi essi svolgono delle attività di ispezione e verifica che si sovrappongono. Il presente contributo tende ad evidenziare il possibile sistema integrato di controlli che tali organi possono definire.

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