Risk management functions within financial services organizations are primarily concerned with cybersecurity and data-related risks at their firms, according to the EY and Institute of International Finance (IIF) eighth annual global bank risk management survey of Chief Risk Officers (CROs): Restore, rationalize and reinvent: a fundamental shift in the way banks manage risk. Cybersecurity has … More Digital transformation and cybersecurity are top concerns of CROs
In the wake of a European Commission (EC) decision taken in March this year, an entirely new aspect of competition law analysis could be on the horizon. When a transaction is notified for approval to a competition authority, the impact of the deal on the key elements of competition – such as price, the level … More R&D intensive industries: the new Merger Control challenge in the EU
What you need to know about the new EU General Data Protection Regulation Data protection has entered a period of unprecedented change. This has been driven by: An increasing number of high-profile data breaches reported in the media that have led consumers and regulators to be concerned about how personal data is managed The demise … More EU General Data Protection Regulation: are you ready?
By Cornelius Grossmann – EY Global Law Leader More women are entering the legal profession than men in the UK, yet so few are represented at the partner level. Astonishingly, according to the Law Society’s most recent annual statistics report, women currently make up around 57% of all trainee lawyers and associates, yet … More Women in law: how can we challenge the gender status quo this International Women’s Day?
As 2016 draws to a close, it is timely to reflect on EY’s announcement of combined global revenues of US$29.6b for its financial year ended 30 June 2016. Overall, financial year (FY) 2016 revenue grew by 9% in local currency. Opportunities emerging from disruptive technologies helped deliver the fifth consecutive year of double-digit growth for … More Looking back on 2016: EY Law delivers fifth consecutive year of double-digit growth
EY’s “Latest on BEPS” covers the most recent legislative responses to the OECD’s BEPS project across the globe: Austria On 1 August 2016, the European Union (EU) Tax Amendment Act 2016, including among other provisions, the new Austrian Transfer Pricing Documentation Law (TPDL) was authenticated by the Federal President and published in the Federal Law … More Countries continue to legislate in response to the OECD’s BEPS
The historic decision by the voters of the UK to leave the EU marks a significant change for the UK and EU and will impact other trading partners such as the US. However, all EU directives and regulations, as well as the treaties themselves, remain in force in respect of the UK until it formally … More Navigating Brexit: Tax and legal implications for life sciences
The potential legal issues raised by the departure of the UK from the European Union (EU) are unprecedented. However, one thing is clear – until the exit, in terms of the content and stability of UK law, nothing will change. The UK remains bound by its EU Treaty obligations and directly applicable EU law will … More The UK votes to leave the EU: initial legal observations
The Internet of Things (IoT) describes the connection of devices — any devices — to the Internet using embedded, software and sensors to communicate, collect and exchange data with one another. With IoT, the world is wide open, offering a virtually endless array of opportunities and connections at home, at work or at play. However, … More Internet of Things: the possibilities and legal risk in media & entertainment
Amid ongoing economic and political uncertainty, the global IPO market will continue to be a stop-start affair in 2016. However, greater clarity regarding the economic and political landscape will emerge by the end of the year, allowing companies to reinvigorate their IPO strategies, while the recent growth in the availability of private capital will continue … More Delayed but not derailed: global IPO market looks ahead to 2017