Last week (on Nov. 11), the Financial Standards Accounting Board (FASB) voted to finalize the effective date of its proposed regulations on measuring loan-loss reserves. The sweeping regulations will require a forward-looking “expected loss” (CECL) approach instead of the “incurred loss” approach effective today. The board tentatively decided the effective dates as:

JWG, trusted by the global financial services industry as experts in regulatory change management, gathered with leading figures to celebrate with Royal Bank of Scotland (RBS) after they won a prestigious ‘best use of IT for the purposes of risk/ regulatory management’ award.

RBS was recognised for its project to create a standard set of interpretations to inform business requirements documents (BRDs) for over 50 regulatory reporting regimes across the globe. Hundreds of systems and databases were part of the scope of the analysis, involving scores of business stakeholders.

Fenergo, the leading provider of Client Lifecycle Management software solutions for institutional banks, has today announced a number of senior appointments to its global management team as it pursues global growth and scaling.

The Financial Accounting Standards Board (FASB) voted last week to finalize the effective date of its proposed regulations on measuring loan-loss reserves. The sweeping regulations will require a forward-looking “expected loss” (CECL) approach instead of the “incurred loss” approach effective today. For public businesses entities (PBE) that meet the definition of an SEC filer, the final standard will be applicable from December 15, 2018, including interim periods.

Kuber Ventures (or ‘Kuber’), the alternative fund investment platform provider currently specialising in EIS/SEIS, has today launched a new portfolio offering to support Business Property Relief (BPR) investment for investors and advisers.

Capco, the global business and technology consultancy dedicated solely to the financial services industry, is proud to announce that it has been named to Fortune’s list of 25 Best Medium Workplaces in the United States. This is Capco’s first time on the list, where it ranked No. 19.

 Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Northumberland County Schools Federal Credit Union, based in Milton, Pennsylvania, is converting to the CUnify (TM) account processing platform. The credit union will also add integrated solutions from Fiserv, including CheckFree(R) RXP(R) for electronic payments, FraudNet(TM) for real-time payments fraud monitoring, and additional tools for credit card processing.

Hyperwallet, a leading payout platform of the new economy, today announced the launch of its new loyalty program for independent workers. The program, which will be offered at no cost to Hyperwallet customers, gives organizations the opportunity to incorporate rewards into their existing earnings distribution processes.

Instant Payment is a working reality in Italy where about 50 banks (13 bank groups) have joint the P2P “Jiffy” service, offering to their customers the possibility to send and receive money in real time through an app on their smartphone to and from their contacts. “Jiffy” is now targeting Germany on its march to success. In order to establish the service also in Germany, GFT Technologies SE and SIA S.p.A. are pooling their expertise and now launching a sales cooperation for the German market.