By Małgorzata Motyl, Penteris
Digital transformation is reshaping banking, with bricks-and-mortar high street branches quickly disappearing. Digitalisation is forcing institutions to transform their business models and adapt. Significantly, digital is changing how we provide “value” to customers.
By Chris Humphries and Jonathan McLean, Stuarts Walker Hersant Humphries
The Cayman Islands is a transparent International Financial Centre which complies with all global standards on tax transparency and information exchange.
By Dr Thomas Geiger, Munkert & Partner
In October 2018, the International Accounting Standards Board (IASB) issued amendments to IAS 1 and IAS 8 in the context of applying IFRS. The amendments clarify the definition of “material” and how it should be applied. More definition guidance is provided, and the accompanying explanations have been improved. Finally, the amendments ensure that the definition of “material” is consistent throughout all IFRS pronouncements. The changes are effective for periods beginning on or after January 2020, although earlier application is permitted.