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Finance
Simplification Is Not (Yet) Relief
European regulatory reporting reform is often framed as simplification: fewer templates, fewer data points, and lower ongoing cost. That narrative is directionally correct, but operationally incomplete. Regulators are moving to governing and reusing data across authorities.
Finance Function Transformation – Enhancing the Finance IT landscape (part 1)
How to enhance the finance function IT landscape and support it with clear responsibilities. What are the main drivers initiating changes, what options does the CFO have, and how can the CFO best navigate this challenge, aiming to achieve the best choice for the organization.
IREF and BIRD: A New Era in Bank
By 2029, the European Central Bank’s Integrated Reporting Framework (IReF) will replace today’s fragmented national reporting templates with one unified, granular standard across the euro area. In our latest paper, we explore how IReF is more than just a compliance obligation.
Impact van de Wet Toekomst Pensioenen op de Financiële Functie
De Wet Toekomst Pensioenen (WTP) vereist voor pensioenfondsen en pensioenuitvoeringsorganisaties aanpassingen in hun operating model en een migratie naar dit nieuwe pensioenstelsel. Dit artikel gaat in op de impact van deze wet op de financiële functie.
CSRD Reporting: Building the Narrative – Part two
This is the second part of the series in CSRD Reporting : Building the Narrative. This post will discuss the overall timelines, implementation and integration of CSRD metrics as well as how Mount Consulting can help build the narrative. The CSRD reporting has a phased implementation plan.
CSRD Reporting: Building the Narrative – Part One
In the era of escalating climate concerns, the demand for transparency in how organizations contribute to global climate goals has never been more critical. The CSRD aims to provide stakeholders with a clear, consistent, and reliable picture of a company’s sustainability journey.
Delaying regulations
Regulations and deadlines, a tale as old as time, and one you know all too well. They start fairly vague, with many elements still up for consultation. Except for the deadline, that one is usually fixed rather quickly. Almost always quite some time in the future, but usually very tight.
Regulating the financial transition
Between now and 2050, the EU will need to drastically reduce its greenhouse gas emissions and find ways of compensating for the remaining unavoidable emissions, ultimately reaching a net-zero emissions balance. How? The EU Green Deal, a plan consisting of several strategies to reach this goal.
No More Towers
In the world of Robert Jordan’s The wheel of time, there is a white tower. It is the home of the Aes Sedai, a group of powerful women who protect the world from breaking by governing it. They do so by using a holistic view from high up in the tower, while impacting the everyday lives of people.
Introduction to ESG
By measuring and reporting on the efficiency of resource use, regulators are forcing companies to think about their role in our society. Viktorija Karaliute explains the challenges financial service industry participants are facing when preparing to report on their sustainability figures.
EBA discussion paper on integrated reporting
The burden and time consumption that goes into regulatory reporting is probably recognisable for every financial institution. With the advent of the banking union and Basel III, the reporting has taken a flight. The challenges are plenty with reporting taking place to a plethora of institutions.
Legacy in a rapidly modernizing world
Solvency 2 and IFRS17 have posed an increasing demand on implementing a more robust and effective data management platform. Especially life insurance companies have a lot of legacy systems providing inputs in the finance and risk reporting processes.
Have Babylon and Florence gotten closer to each other?
The cultural diversity leads to different languages, systems, data and processes. External forces and internal drivers, such as reduced costs and better resource allocation, demanded strongly for some of the differences and distinctions to be resolved.
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