HSBC names first woman CFO amid restructuring
CFO Dive
OCTOBER 22, 2024
The bank is simplifying its business into four spheres and has tapped its chief risk and compliance officer, Pam Kaur, to become its next finance chief.
This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
CFO Dive
OCTOBER 22, 2024
The bank is simplifying its business into four spheres and has tapped its chief risk and compliance officer, Pam Kaur, to become its next finance chief.
E78 Partners
NOVEMBER 19, 2024
Audit season presents a set of unique challenges for private equity-backed companies, particularly those that must balance the expectations of investors with the demands of compliance. Regularly revisiting these policies can help align revenue accounting with current business activities and compliance requirements.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Protect What Matters: Rethinking Finance Ops In A Digital World
Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future
Your Accounting Expertise Will Only Get You So Far: What Really Matters
CFO Talks
NOVEMBER 29, 2024
Notably, she reversed a decade-long loss at Coca-Cola, doubled profits, and restructured major funding. Transparency is critical, particularly in a heavily regulated sector like ours, where compliance with local regulations and alignment with corporate governance are essential. The CFO’s role in this energy transition is multifaceted.
E78 Partners
NOVEMBER 12, 2024
Take a critical look at areas prone to audit issues—such as revenue recognition, procurement, impairment, and financial reporting—ensuring that controls in these high-risk areas meet compliance standards.
Global Finance
APRIL 3, 2025
On the other hand, many of the challenges facing the Arab banking sectorsuch as de-risking, compliance with international regulations, financing for development, and climate changetranscend national borders. GF: The region is very heterogeneous, and rocked with uncertainties.
CFO News
MARCH 13, 2025
Sebi expands the scope of Unpublished Price Sensitive Information (UPSI) to include proposed fundraising activities, restructuring plans, and one-time bank settlements. Effective from June 10, Sebi's amended insider trading regulations aim to enhance regulatory clarity and compliance.
Future CFO
JANUARY 6, 2025
Updating these conditions would be helpful in providing tax certainty to businesses while ensuring compliance with global standards."
PYMNTS
NOVEMBER 26, 2019
But financial regulatory compliance can be a headache for any market. For traditional banks, compliance experts agree that it’s all about data — and the ability to share information with regulators. An Opportunity for Collaboration.
CFO Talks
JUNE 17, 2025
Whether the issue arose from fraud, compliance failures, or governance lapses, the CFO must ensure that the risk management framework is upgraded. Rebuilding trust in the capital markets also involves ensuring compliance with all listing requirements, financial reporting standards, and disclosure obligations.
E78 Partners
NOVEMBER 11, 2024
When a company experiences leadership transitions, financial restructuring, or prepares for significant events like mergers or acquisitions, a transitional Chief Financial Officer offers instant, practical knowledge. The Role of an Interim CFO An interim CFO must uphold financial stability and strategic guidance during change or doubt.
PYMNTS
NOVEMBER 9, 2018
MoneyGram shares sank as much as 25 percent during intraday trading on Friday (November 9), as the company reported results that reflected the impact of new compliance rules to stop fraudulent transactions, which has hurt top line momentum — and which will continue. Compliance Efforts, Continued.
CFO Strategic Partners
MARCH 28, 2025
With the restructuring and rebrand, Acclarity will come together as a single, nationwide entity of more than 300 employees and contractors, focused on delivering accounting services to large and emerging-growth companies.
CFO Talks
MAY 20, 2025
In an effort to avert collapse, Edcon entered business rescue proceedings in 2020, aiming to restructure its operations and stabilize its financial position. The business rescue plan involved: Operational Restructuring : Closing underperforming stores and streamlining operations to reduce costs. Louis: Wow, Leana.
CFO Talks
JUNE 4, 2025
In South Africas business environment, where public trust is fragile, regulatory compliance is non-negotiable, and financial transparency is a competitive advantage, the CFO plays a crucial role in shaping whether a company is seen as credible, ethical, and stable. They are not spinning a message or promoting an idea.
Accountancy Today
MARCH 1, 2023
Following the sale Truphone’s new owners will focus on expanding the business’ compliance solutions as well as its eSIM technology. FRP Corporate Finance has advised on the pre-pack sale of Truphone Limited, a global mobile communications company, to TP Global Operations Limited, in a transaction that saves around 450 jobs.
CFO Talks
JUNE 12, 2025
A CFO must prioritise financial transparency, not as a compliance issue, but as the foundation of accurate and confident decision-making. Cost reductions and restructurings affect real people. When costs are misallocated or revenue is recognised inconsistently across different business units, the resulting picture is unclear.
CFA Institute
MARCH 24, 2025
His areas of expertise include initial public offerings (IPO), mergers and acquisitions, financial restructuring, debt financing, spin-off listings, and SPAC. She led assurance and consulting projects including investment fund set-up, regulatory licensing and internal control compliance.
E78 Partners
MARCH 21, 2025
Functional Integration Leads Each business function must own its integration activities while aligning with corporate strategy: Finance and Accounting: Unifies financial reporting, tax structures, and compliance. Human Resources (HR): Manages talent retention, restructuring, and cultural alignment.
CFO Dive
JUNE 17, 2025
As part of the restructuring, Nestor was tapped to lead a newly formed decision intelligence products and platforms team, moving from his previous role as global head of product at Kraft Heinz. Daily Dive M-F Tech Weekly Every Tuesday By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy.
PYMNTS
NOVEMBER 7, 2019
The Bank of England has told HSBC to improve compliance controls for non-fiscal factors like fraud and staff conduct, according to a report by Reuters. A deferred prosecution agreement between the Department of Justice and the bank ended half a decade later, with HSBC spending hundreds of millions to improve compliance.
PYMNTS
FEBRUARY 12, 2019
MoneyGram largely missed Wall Street estimates — at least in terms of headline numbers, amid results that showed continued headwinds of compliance efforts. As had been reported, MoneyGram said that operational efficiencies, through digital and compliance efforts, will save roughly $55 million in annualized expenses.
CFO News Room
JANUARY 4, 2023
Salesforce — Shares of the cloud-based software company jumped more than 3% after Salesforce announced that it is cutting 10% of its personnel and reducing some office space as part of a restructuring plan. Coinbase agreed to pay a $50 million penalty for prior compliance issues and invest another $50 million in continued improvements.
E78 Partners
JUNE 16, 2025
Inconsistent Financial Reporting and Controls: A lack of visibility into financial data, reporting cadence, or compliance frameworks can result in missed targets and stakeholder distrust. Early IT due diligence, followed by a structured integration plan, ensures scalability and data consistency from the outset.
E78 Partners
NOVEMBER 19, 2024
Audit season presents a set of unique challenges for private equity-backed companies, particularly those that must balance the expectations of investors with the demands of compliance. Regularly revisiting these policies can help align revenue accounting with current business activities and compliance requirements.
E78 Partners
NOVEMBER 19, 2024
Audit season presents a set of unique challenges for private equity-backed companies, particularly those that must balance the expectations of investors with the demands of compliance. Regularly revisiting these policies can help align revenue accounting with current business activities and compliance requirements.
PYMNTS
APRIL 18, 2019
Alleging that the company is not in compliance with GDPR, Finland is examining a Nokia data breach that may have sent personal information to an unknown server. Merchants in the travel industry, for instance, are dealing with a restructure in the ways payments can be made and accepted under the EU regulation.
PYMNTS
AUGUST 3, 2018
Money transfer giant MoneyGram beat expectations on the bottom line but missed on the top, as new compliance standards put in place by the company proved a headwind to revenues. Turning to the digital restructuring initiative (previously announced), he said that the company has reduced global headcount by 8 percent and reduced tech costs.
Future CFO
FEBRUARY 13, 2023
ICTSI) as senior vice president, chief financial officer and compliance officer says the company’s digitisation agenda was fast-tracked considering state lockdowns during the pandemic. “We The Group also completed a successful restructuring which helped to strengthen its financial and cash position,” she added.
PYMNTS
DECEMBER 28, 2020
The news agency said that while Pan stopped short of calling for Ant’s breakup, officials want the firm to set up a separate holding company to ensure its capital adequacy and regulatory compliance. Will Chinese Authorities Force Ant To Restructure? . As such, Yu believes Ant could require a restructuring to defuse systemic risk.
CFO Talks
FEBRUARY 17, 2025
After that, we restructured our approach, focusing on the consequences: What if communication fails? The rules became part of the companys culture, and non-compliance had real consequences. The plan assumed mobile networks would function, but the earthquake took down all communications. What if people cant reach their workplace?
PYMNTS
JULY 21, 2020
For the short haul, the executive’s tasks will be split between Tailored Brands President and CEO Dinesh Lathi and Holly Etlin, an AlixPartners managing director, who has been named to the new role of chief restructuring officer. Etlin has over 30 years of restructuring experience and a “deep expertise in retail” per the announcement. .
PYMNTS
DECEMBER 29, 2016
There seems to be no shortage of action in the corporate banking space, whether it be scandals (like Royal Bank of Scotland’s Global Restructuring Group fiasco ), cyberattacks (such as the $81 million stolen from the central bank of Bangladesh) or anomalies like Brexit impacting top financial institutions across the globe.
E78 Partners
NOVEMBER 12, 2024
Take a critical look at areas prone to audit issues—such as revenue recognition, procurement, impairment, and financial reporting—ensuring that controls in these high-risk areas meet compliance standards.
E78 Partners
NOVEMBER 12, 2024
Take a critical look at areas prone to audit issues—such as revenue recognition, procurement, impairment, and financial reporting—ensuring that controls in these high-risk areas meet compliance standards.
CFO Plans
JULY 18, 2024
From property management to rent collection and tax compliance, the need for specialized accounting services is paramount. Here, we explore how expert real estate accounting services can optimize your property management, streamline rent collection, and ensure compliance with tax regulations for sustained financial success.
Future CFO
NOVEMBER 1, 2023
Both tax and finance leaders are set to increase investment in digital transformation, said Thomson Reuters recently when releasing a report titled Digital Agendas: How Tax Compliance and Finance Leaders are Preparing for 2024. Over a quarter of respondents (26%) foresee restructuring their tax teams in the coming 12 months.
PYMNTS
APRIL 19, 2019
Lyric plans to use the investment to expand its operations as it continues to focus on regulatory compliance. Ethereum development studio ConsenSys announced plans to raise up to $200 million, according to unnamed sources in The Information this week, after a restructuring and round of layoffs that cut 13 percent of its staff.
Future CFO
SEPTEMBER 3, 2024
Strategic Tax Planning and Risk Management - CFOs need to view taxes beyond mere compliance. Instead, they should strategically plan to optimise tax outcomes while aligning with overall business objectives which involves analysing tax implications on various business decisions, such as expansion, mergers, acquisitions, or restructuring.
E78 Partners
NOVEMBER 11, 2024
When a company experiences leadership transitions, financial restructuring, or prepares for significant events like mergers or acquisitions, a transitional Chief Financial Officer offers instant, practical knowledge. The Role of an Interim CFO An interim CFO must uphold financial stability and strategic guidance during change or doubt.
E78 Partners
NOVEMBER 11, 2024
When a company experiences leadership transitions, financial restructuring, or prepares for significant events like mergers or acquisitions, a transitional Chief Financial Officer offers instant, practical knowledge. The Role of an Interim CFO An interim CFO must uphold financial stability and strategic guidance during change or doubt.
Future CFO
MAY 24, 2020
According to the survey, businesses are seeking a model that balances different priorities that transcend routine compliance tasks. On the other hand, there are local TFO teams that interact and work closely with the CFOs to develop strategies and plans, while keeping in mind compliance needs in mind.
Fpanda Club
SEPTEMBER 2, 2021
FP&A vs financial controlling Working closely with accounting function, financial controllers ensure compliance of reported results with accounting standards, legislation and regulations, develop and document policies and procedures of the internal control in the organization, participate in financial reporting, budgeting and forecasting.
CFO Simplified
MARCH 7, 2024
The CTA seeks to pull smaller shell companies and holding companies into the regulatory framework, which means the brunt of CTA compliance falls on smaller businesses. LP has formed the CTA Task Force to consult on these burgeoning issues of FinCEN compliance and complexities of beneficial ownership.
PYMNTS
JULY 30, 2019
.” One source told the publication that Deutsche Bank may not have “thought through properly” the logistics of these layoffs, “which is causing a huge compliance headache.” The news outlet noted that the potential security mistake comes as Deutsche Bank readjusts its market strategy in a major restructuring.
Expert insights. Personalized for you.
We have resent the email to
Are you sure you want to cancel your subscriptions?
Let's personalize your content