Recent challenges of global CFOs
|
|
- Betty Gregory
- 5 years ago
- Views:
Transcription
1 Recent challenges of global CFOs Sandy Cockrell, Global leader and US national managing partner, CFO Program, Deloitte LLP March 16, 2017
2 Agenda Background Business environment Business risks and strategies The role of the CFO Question and answer Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 2
3 Background CFO Global Signals survey The surveys conducted are pulse surveys intended to provide CFOs with quarterly information regarding their CFO peers thinking across a variety of topics. Twenty-eight Deloitte CFO surveys covering more than 60 countries, are conducted on a quarterly, biannual or annual basis CFO Transition Lab TM Our CFO Transition Lab is a one-day experience based on our extensive research on CFO transitions Focuses on use of time, talent and relationships Helps CFOs as they create a tangible 180-day work plan Over 1,200 Labs completed across our global network Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 3
4 Business environment Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 4
5 Question Compared with three months ago, how do you feel about the financial prospects for your company, over the next 12 months? More optimistic, primarily due to external factors (e.g., economy, industry and market trends) More optimistic, primarily due to internal/company-specific factors (e.g., products/services, operations, financing, assets) No notable change Less optimistic, primarily due to internal/company-specific factors (e.g., products/services, operations, financing, assets) Less optimistic, primarily due to external factors (e.g., economy, industry and market trends) Other/Don t know Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 5
6 CFO sentiment: Net change in optimism (as of Q1 2017) Americas Net % of CFOs who are more optimistic about the financial prospects of their company now than three months ago. 80% 60% 40% 20% 0% -20% 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 1Q17 Argentina North America -40% -60% -80% Source: Deloitte Touche Tohmatsu Limited s Global CFO Program, Q Global CFO Signals survey Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 6
7 CFO sentiment: Net change in optimism (as of Q4 2016) Europe Net % of CFOs who are more optimistic about the financial prospects of their company now than three months ago. 80% 60% 40% 20% France Germany Italy Netherlands 0% -20% -40% -60% 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 Russia Spain Sweden Switzerland Turkey United Kingdom Average -80% Source: Deloitte Touche Tohmatsu Limited s Global CFO Program, Q Global CFO Signals survey Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 7
8 CFO sentiment: Net change in optimism (as of Q4 2016) Asia Pacific Net % of CFOs who are more optimistic about the financial prospects of their company now than three months ago. 80% 60% 40% 20% Australia 0% -20% 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16 China Japan -40% -60% -80% Source: Deloitte Touche Tohmatsu Limited s Global CFO Program, Q Global CFO Signals survey Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 8
9 Assessment of economies (as of Q1 2017) North American CFOs perceptions of North America s economy How do you regard the North American, European, and Chinese economies? North America 100% 80% 60% 40% 20% 0% -20% -40% -60% -80% -100% Net % good now Net % better in year Economic optimism index Source: Deloitte LLP s CFO Program, Q North American CFO Signals survey Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 9
10 Assessment of economies (as of Q1 2017) North American CFOs perceptions of Europe s economy How do you regard the North American, European, and Chinese economies? Europe 100% 80% 60% 40% 20% 0% -20% -40% -60% -80% -100% Net % good now Net % better in year Economic optimism index Source: Deloitte LLP s CFO Program, Q North American CFO Signals survey Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 10
11 Assessment of economies (as of Q1 2017) North American CFOs perceptions of China s economy How do you regard the North American, European, and Chinese economies? China 100% 80% 60% 40% 20% 0% -20% -40% -60% -80% -100% Net % good now Net % better in year Economic optimism index Source: Deloitte LLP s CFO Program, Q North American CFO Signals survey Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 11
12 Business risks and strategies Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 12
13 CFOs assessments of their company s prospects External challenges and business risks North America (Q1 2017) Other than economic growth challenges, which of the following external factors have presented obstacles to your company s growth over the past 12 months? Policy Tax policy and reform Regulation Rising health care costs Trade policy Capital/currency markets Currency shifts (Dollar, Mexican peso) US equity markets are seen as overvalued Corporate taxes Rising and falling interest rates Europe (Q3 2016) Which of the following factors are likely to pose a significant risk to your business over the next 12 months? Geopolitics/Policy/Trade Effects of Brexit US presidency Economic environment Weaker domestic and foreign demand Financial markets instability Deflation and currency depreciation Resources Skills shortage Immigration Resources Skills shortages Source: Deloitte LLP s CFO Program, Q North American CFO Signals survey and European CFO Survey Q Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 13
14 CFOs top strategies (North America as of Q1 2017; Europe as of Q3 2016) What is your company s business focus for the next 12 months? Offensive vs Defensive strategies Revenue growth North America Cost control France / Germany / Italy / Spain Switzerland / Russia / Sweden / Turkey / UK New business vs Current business New offerings or products North America France / Germany / Italy / Russia / Spain / Sweden / UK New geographies Germany / Switzerland / Sweden / Turkey Existing offerings or products Not selected Existing geographies North America Inorganic vs Organic growth Inorganic growth Germany / Italy / Sweden / Turkey / UK Organic growth North America Switzerland / Russia Source: Deloitte LLP s CFO Program, Q North American CFO Signals survey and European CFO Survey Q Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 14
15 The role of the CFO Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 15
16 The four faces of the CFO Catalyze behaviors and change across the organization to execute strategic and financial objectives Provide financial leadership in determining strategic business direction, M&A, financing, capital market and longer term strategies vital to the future performance of the company Protect and preserve the critical assets of the organization and accurately report on financial position and operations to internal and external stakeholders Balance capabilities, talent, costs and service levels to fulfill the finance organization s core responsibilities efficiently Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 16
17 CFO Transition Lab Themes Information technology Develop a plan to rationalize IT systems to better support financial fact gathering for the business. Talent Execute a talent agenda which elevates the skills of Finance and develops people. Communications and teaming Create a comprehensive communication strategy to effectively convey key messages to various consistencies. Operational efficiency Create an efficient Finance operating model which fosters development and scalability to meet business objectives. Corporate strategy Establish a platform to become a contributor to corporate strategy. Financial Planning & Analysis Develop a function to deliver insights and partner more effectively with the business. Source: Deloitte LLP s CFO Program, CFO Transition Lab, Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 17
18 Question and answer Copyright 2017 Deloitte Development LLC. All rights reserved. Recent challenges of global CFOs 18
19 Click here for more information about The CFO Program. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee ( DTTL ), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as Deloitte Global ) does not provide services to clients. Please see for a detailed description of DTTL and its member firms. Please see for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting. Copyright 2017 Deloitte Development LLC. All rights reserved. Member of Deloitte Touche Tohmatsu Limited
The Deloitte/SEB CFO Survey Optimism soars
Optimism soars The Deloitte/SEB CFO Survey We are excited to present the results of the new Deloitte/SEB CFO Survey. The report uniquely combines perspectives from CFOs within large and midsized companies
More informationThe Global Tax Reset 2017 Audit Committee Symposium
The Global Tax Reset Copyright 2017 Deloitte Development LLC. All rights reserved. 2017 Audit Committee Symposium Anticipate. Navigate. Focus. 1 The Global Tax Reset General context Multinational companies
More informationForeign Account Tax Compliance Act (FATCA)
Foreign Account Tax Compliance Act (FATCA) Andrea Garcia Castelao November 18, 2013 Foreign Account Tax Compliance Act (FATCA) 0 2013 Deloitte Tax LLP FATCA Update Final FATCA regulations were released
More informationSustainability. The sustainability imperative
Sustainability The sustainability imperative CFO Insights The sustainability imperative By Nick Main, John Marry, Sanford Cockrell III, and Ajit Kambil Who could blame some CFOs for letting sustainability
More informationPreparing for an IPO: Build a solid plan and avoid surprises. The Dbriefs Private Companies series
Webcast title in Verdana Regular Preparing for an IPO: Build a solid plan and avoid surprises The Dbriefs Private Companies series Bernie De Jager, Partner Audit & Assurance Ryan Tolley, Senior Manager
More informationCFOs have also brought forward their estimates for the timing of interest rate rises, with 96% expecting rates to be higher in a year s time.
2018 The Deloitte CFO Survey Transition deal boosts sentiment The first quarter survey of Chief Financial Officers shows slightly firmer business confidence and an easing of Brexit concerns. The announcement
More informationGlobal CFO Signals External shocks, Internal resolve
Global CFO Signals Contents Global CFO Signals External shocks, Internal resolve Q3 2016 Deloitte Member Firms CFO Surveys Argentina, Austria, Belgium, China, Finland, France, Germany, Ireland, Italy,
More informationGlobal Rewards Update New Zealand Changes to the Taxation of Employee Share Schemes
Global Employer Services November 2018 Global Rewards Update New Zealand Changes to the Taxation of Employee Share Schemes Background On March 29, 2018, new legislation was enacted in New Zealand, which
More informationThe Deloitte CFO Survey
Q4 The Deloitte CFO Survey Focus on cost control, no retreat from growth The UK s largest businesses enter 2018 more focussed on controlling costs than at any time in the last eight years. Although the
More informationThe Deloitte/SEB CFO Survey Brexit is confusing prospects
Brexit is confusing prospects The Deloitte/SEB CFO Survey We are excited to present the fall 2016 results of the new Deloitte/SEB CFO Survey. The report uniquely combines perspectives from CFOs within
More informationUpdate on recent tax & legal issues relating to global share plans. Andrew Moreton & Richard Wilson
Update on recent tax & legal issues relating to global share plans Andrew Moreton & Richard Wilson 29 September 2016 Introduction 2 Agenda Global updates of the last six months Key trends in employee share
More informationTalent in Insurance 2015 The Netherlands in Focus. UK Financial Services Insight
Talent in Insurance 2015 The Netherlands in Focus UK Financial Services Insight Report contents The Netherlands in Focus Key findings Macroeconomic and industry context Survey findings 2 Key findings 3
More informationSecond Quarter Trading Update 9 July 2010
Second Quarter Trading Update 9 July 2010 Michael Page International Second Quarter Trading Update 2010 2 Group gross profit Constant Group gross profit m m Reported exchange 2010 vs 2009 111.5 83.8 +33.1%
More informationFEATURE. Eurozone. Slowing economic dynamics while Brexit casts its shadows. Alexander Börsch
FEATURE Eurozone Slowing economic dynamics while Brexit casts its shadows Alexander Börsch The economic recovery continues, albeit weaker than before, driven by consumer demand and labor market performance,
More information2016 Edelman Trust Barometer. Canada Report
2016 Edelman Trust Barometer Canada Report THE STORIES THAT SHAPED 2015 3 4 State of Trust Trust Rising Per cent trust in the four institutions of government, business, media and NGOs, 2015 vs. 2016 2015
More informationDeadlines to preserve taxpayer rights to request competent authority assistance to relieve double taxation
Arm s Length Standard Global views within reach. Deadlines to preserve taxpayer rights to request competent authority assistance to relieve double taxation Transfer pricing continues to be the top enforcement
More informationThe Deloitte CFO Survey. Post-election dip in confidence Q Authors. Key contacts
Q2 The Deloitte CFO Survey Post-election dip in confidence In the wake of the General Election on 8th June, optimism among Chief Financial Officers has fallen back from the 18-month high seen in the first
More informationGlobal CFO Signals. Vital signs strong again
Global CFO Signals Vital signs strong again Q1 2018 Deloitte Member Firms CFO Surveys Argentina, Austria, Belgium, China, Denmark, Finland, France, Germany, Greece, Iceland, Ireland, Italy, Japan, Netherlands,
More informationGlobal Consumer Confidence
Global Consumer Confidence The Conference Board Global Consumer Confidence Survey is conducted in collaboration with Nielsen 4TH QUARTER 2017 RESULTS CONTENTS Global Highlights Asia-Pacific Africa and
More informationInspiring consumer confidence in challenging economic times. Graham Pickett Lead Partner Travel, Hospitality & Leisure June 2013
Inspiring consumer confidence in challenging economic times Graham Pickett Lead Partner Travel, Hospitality & Leisure June 2013 Inspiring consumer confidence in challenging economic times Agenda Europe
More informationCFO Signals What North America s top finance executives are thinking and doing
CFO Signals What North America s top finance executives are thinking and doing 3 rd quarter 2017 High-level report This report is a subset of a full report containing analysis and trends specific to industries
More informationCautious Optimism European CFO Survey with Portugal insights. Q1 May 2017 Portugal
Cautious Optimism European CFO Survey with Portugal insights Q1 May 2017 Portugal Recovery Cautious Optimism continues European CFO Survey with Portugal insights Contents Foreword 03 Key findings of the
More information2018 Edelman Trust Barometer
2018 Edelman Trust Barometer Snapshot Australia #TrustBarometer Trust Index A World of Distrust Average trust in institutions, general population, 2017 vs. 2018 Global Trust Index remains at distruster
More informationGlobal CFO Signals Signs of a sustainable recovery?
Global CFO Signals Signs of a sustainable recovery? Q1 2014 Deloitte Member Firms CFO Surveys: Argentina Australia, Austria, Belgium, Finland, France, Germany, Ireland, Netherlands, New Zealand, North
More informationGlobal Tax Reset Transfer Pricing Documentation Summary. February 2018
Global Tax Reset Transfer Pricing Summary February 2018 Global Tax Reset Transfer Pricing Summary Overview The Global Tax Reset Transfer Pricing Summary ( Guide ) compiles essential country-by-country
More informationFEATURE. Eurozone. Consumption and employment drive growth. Alexander Börsch
FEATURE Eurozone Consumption and employment drive growth Alexander Börsch Positive trends in consumption and the labor market have sustained the economic recovery in the eurozone in the second quarter.
More information30 th European Hotel Investment Conference Experience the future. Simon Oaten & Guy Langford Wednesday 7 November
30 th European Hotel Investment Conference Experience the future Simon Oaten & Guy Langford Wednesday 7 November Passion for leisure Both strong economic fundamentals as well as changes in consumer behaviour
More informationHewitt Associates LLC November Charting the Course for Economic Recovery 2010 Global Salary Planning
Hewitt Associates LLC November 2009 Charting the Course for Economic Recovery 2010 Global Salary Planning About This Material This material provides final salary increase budgets for 2009 and 2010 projected.
More information2018 Asia Financial Services Tax Forum Expanding perspectives and possibilities 6/8 February 2018 Hong Kong/Singapore
2018 Asia Financial Services Tax Forum Expanding perspectives and possibilities 6/8 February 2018 Hong Kong/Singapore Agenda Time (hrs) Topic Speaker(s)/Moderator(s) 0830 Registration 0845 Welcome PART
More informationThe Deloitte CFO Survey. Defensive and watchful Q Authors. Key contacts
Q2 The Deloitte CFO Survey Defensive and watchful The second quarter survey of Chief Financial Officers reveals growing concerns about Brexit on the part of CFOs and a marked shift towards more defensive
More informationDeloitte/SEB CFO Survey Comparison between Nordic and European CFOs
Deloitte/SEB CFO Survey Comparison between and European CFOs The European CFO Survey for Q1 2017 conveys an optimistic outlook among European CFOs. However, CFOs are even more optimistic than their European
More information2016 Survey of US Health Care Executives Taking a pulse on MACRA
2016 Survey of US Health Care Executives Taking a pulse on MACRA Introduction Key findings: Health system executives Key findings: Health plan executives Key findings: Life sciences executives 2016 Survey
More informationManpowerGroup Employment Outlook Survey Global
ManpowerGroup Employment Outlook Survey Global 1 19 ManpowerGroup interviewed over 6, employers across 44 countries and territories to forecast labor market activity* in January-March 19. All participants
More informationFocus on: Hong Kong. International Business Report 2011 Economy focus series
Focus on: Hong Kong International Business Report 11 Economy focus series The recovery The economy rebounded strongly in, posting growth of 6.8 per cent as recovering global demand boosted exports. Prospects
More information29 th European Hotel Investment Conference Heading into thin air? Andreas Scriven Wednesday 8 November
29 th European Hotel Investment Conference Heading into thin air? Andreas Scriven Wednesday 8 November Chairman s welcome Andreas Scriven Partner - Head of Hospitality & Leisure Deloitte #DeloitteEHIC
More informationGlobal CFO Signals Time to be bold? Q Deloitte Member Firms CFO Surveys
Global CFO Signals Global CFO Signals Global CFO Signals Time to be bold? Q4 2017 Deloitte Member Firms CFO Surveys Australia, Belgium, Central Europe, Japan, Netherlands, North America, Russia, and United
More informationWhat Are Consumer and Investor Confidence Signaling?
Veronica Willis Investment Strategy Analyst WEEKLY GUIDANCE ON ECONOMIC AND GEOPOLITICAL EVENTS What Are Consumer and Investor Confidence Signaling? September 19, 2017 Key Takeaways» Consumer and investor
More informationExport and import operations Tax & Legal, April 2017
Export and import operations Tax & Legal, April 2017 Export and import operations Tax & Legal, April 2017 Effective trading operations in Uzbekistan Today Uzbekistan actively develops international trading.
More informationThe Rise of the Exponential Actuary TM
The Rise of the Exponential Actuary TM Actuaries have the opportunity to spend more time as business strategists and offering voices to the C-suite. Opportunity: The transformation of the actuarial profession
More informationGRANT THORNTON INTERNATIONAL BUSINESS REPORT Cross-border mergers and acquisitions: building momentum
GRANT THORNTON INTERNATIONAL BUSINESS REPORT 2012 Cross-border mergers and acquisitions: building momentum Foreword MIKE HUGHES GLOBAL SERVICE LINE LEADER MERGERS & ACQUISITIONS GRANT THORNTON INTERNATIONAL
More information2012 Deloitte Global Equity Plan Survey Sharing Value
2012 Deloitte Global Equity Plan Survey Sharing Value Ohio Chapter NASPP Meeting Stephanie Linn, Deloitte Tax LLP Tammy Negrillo, Deloitte Tax LLP December 13, 2012 Agenda Introduction 2 Survey methodology
More informationGlobal CFO Signals Twin worries: trade and talent. Q Deloitte CFO Surveys
Global CFO Signals Twin worries: trade and talent Q2 2018 Deloitte CFO Surveys Australia, Belgium, Brazil, India, Japan, North America, Russia, and United Kingdom Deloitte Global CFO Signals August 2018
More informationThe Deloitte Talent in Insurance Survey 2015 UAE in Focus
The Deloitte Talent in Insurance Survey 2015 UAE in Focus Survey findings Figure 1. Popularity of insurance as a career choice among business students, EMEA, 2015 Poland 2.98% Switzerland 2.93% Finland
More informationCapital Confidence Barometer
May 2016 ey.com/ccb 14th edition highlights Capital Confidence Barometer Mexican companies maintain healthy pipelines and increase their focus on alliances to spur growth Key findings 36+64+M 50+50+M 36%
More informationCGMA global economic forecast
CGMA global economic forecast -insights from management accountants 2Q, 2012 Detailed survey results with regional appendices Highlights CGMA global economic forecast -2Q 2012 Highlights combined results,
More informationCFO Signals What North America s top finance executives are thinking and doing
CFO Signals What North America s top finance executives are thinking and doing 3 rd quarter 2016 High-Level Report This report is a subset of a full report containing analysis and trends specific to industries
More information1st Quarter Revenue. April 22, 2010
1st Quarter Revenue April 22, 2010 Disclaimer This presentation contains forward looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)"
More informationPositive Outlook Central Europe CFO Survey results 6 th edition Slovakia
Positive Outlook Central Europe CFO Survey 0 0 results th edition Slovakia Contents Introduction Introduction Macroeconomic Insight About the sixth Deloitte CE CFO Survey Key findings Growth Risk Debt
More informationThe New Revenue Standard State of the Industry and Prevailing Approaches for Adoption Where are we today and what s to come?
The New Revenue Standard Where are we today and what s to come? June 26, 2017 Speaking with you today Grant Casner Grant has been with Deloitte for over 14 years and advises companies on complex accounting
More informationManpower Employment Outlook Survey Global
Manpower Employment Outlook Survey Global 3 216 Global Employment Outlook ManpowerGroup interviewed nearly 59, employers across 43 countries and territories to forecast labor market activity in Quarter
More information2016 Survey of US Health Care Consumers A look at exchange consumers
2016 Survey of US Health Care Consumers A look at exchange consumers 2016 Survey of US Health Care Consumers The public health insurance exchanges have been in operation for nearly three years now. Deloitte
More informationCommon Reporting Standard (CRS) The road continues
Common Reporting Standard (CRS) The road continues The information exchange landscape Coming years will see increasing global transparency of account holder information requiring global scalable solutions
More informationCan complex geopolitical uncertainty and record M&A coexist? Global Capital Confidence Barometer June 2017 ey.com/ccb/industrials 16th edition
Industrials Global Capital Confidence Barometer June 2017 ey.com/ccb/industrials 16th edition Can complex geopolitical uncertainty and record M&A coexist? Despite policy uncertainties, companies are giving
More informationBEPS Actions implementation by country Actions 8-10 Transfer pricing
BEPS Actions implementation by country Actions 8-10 Transfer pricing On 5 October 2015, the G20/OECD published 13 final reports and an explanatory statement outlining consensus actions under the base erosion
More informationWho s the boss? Trends in CIO reporting structure
May 2018 CIO Insider Who s the boss? Trends in CIO reporting structure By: Khalid Kark, Anjali Shaikh, and Caroline Brown Introduction critical for CIOs to move quickly, with direct and unwavering support
More informationChief Tax Officer Program Helping you lead with confidence
Chief Tax Officer Program Helping you lead with confidence Expectations of tax executives are rapidly evolving, both in type and intensity. Whether you are directing a large corporate tax department or
More informationM&A Trends Year-end report 2016
M&A Trends Year-end report 2016 About this report This report is the result of a survey of 1,000 executives to gauge their expectations for M&A activity in 2017 and to better understand their experience
More informationGlobal Investment Trends Survey May A study into global investment trends and saver intentions in 2015
May 2015 A study into global investment trends and saver intentions in 2015 Global highlights Schroders at a glance Schroders at a glance At Schroders, asset management is our only business and our goals
More informationNew post-beps three-tiered documentation requirements Impact for Kazakhstan s multinational enterprises
New post-beps three-tiered documentation requirements Impact for Kazakhstan s multinational enterprises Kazakhstan, 2016 Brochure / report title goes here Section title goes here Documentation requirements
More informationGlobal CFO Signals Brexit: Overhang or hangover?
Global CFO Signals Brexit: Overhang or hangover? Q2 2016 Deloitte Member Firms CFO Surveys: Australia, Belgium, Japan, Netherlands, North America, Russia, Sub-Saharan Africa, Switzerland, and United Kingdom
More informationNew in 2013: Greater emphasis on capital flows Refinements to EBA methodology Individual country assessments
As in 212: Stock-take: multilaterally consistent assessment of external sector policies of the largest economies Feeds into Article IVs Draws on External Balance Assessment (EBA) methodology/other Identifies
More informationA short history of debt
A short history of debt In the words of the late Charles Kindleberger, debt/financial crises are a hardy perennial we have been here many times before. Over the past decade and a half the ratio of global
More informationCorporate and Place Reputation
Corporate and Place Reputation ITB Berlin Convention, March 8th 2013 Shahar Silbershatz, Director ssilbershatz@reputationinstitute.com Who we are Knowledge Center Advice Group Publications Conferences
More informationPrivate Company Services. U.S. Estate and Gift taxation of resident aliens and nonresident aliens
Private Company Services U.S. Estate and Gift taxation of resident aliens and nonresident aliens 2010 2012 Non-U.S. citizens, both resident and nonresident aliens, may be subject to U.S. estate and gift
More informationThe Deloitte 401(k) Plan Saving for the Future
The Deloitte 401(k) Plan Saving for the Future Total Rewards July 2016 00 The Deloitte 401(k) Plan Introduction Introduction The Deloitte 401(k) Plan ( the 401(k) Plan ) provides a customizable savings
More informationUnderstanding the Practical Implications of FATCA on Trusts
Understanding the Practical Implications of FATCA on Trusts January 23, 2014 Trusts under FATCA Trusts as Financial Institutions? Trusts as Entities The legislative history The Regulations Trusts under
More informationEMEA Center of Excellence for Real Estate Funds Corporate Services Building locally, performing globally
EMEA Center of Excellence for Real Estate Funds Corporate Services Building locally, performing globally Challenges of a changing environment Real Estate (RE) asset managers today face a rapidly evolving
More informationUnlocking the potential of Finance for insurers
Unlocking the potential of Finance for insurers Contents 1 Executive summary 2 Increasing role of Finance 3 Setting a strategic vision 5 Developing a roadmap for change 6 Potential benefits of Finance
More informationFirst Quarter Interim Management Statement. 11 April 2011
First Quarter Interim Management Statement 11 April 211 Michael Page International First Quarter Interim Management Statement 2 Group Gross profit +29% with growth in every geography Growth Rates Group
More informationManpowerGroup Employment Outlook Survey Czech Republic
ManpowerGroup Employment Outlook Survey Czech Republic 3 217 Czech Republic Employment Outlook The ManpowerGroup Employment Outlook Survey for the third quarter 217 was conducted by interviewing a representative
More informationFRANKLIN TEMPLETON INVESTMENTS. Franklin Resources, Inc. Bank of America Merrill Lynch Banking and Financial Services Conference November 18, 2010
Franklin Resources, Inc. Bank of America Merrill Lynch Banking and Financial Services Conference November 18, 2010 Forward-Looking Statements The financial results in this presentation are preliminary.
More informationAnother quarter of double digit growth
11 April 2018 2018 Trading Update Steve Ingham Kelvin Stagg Chief Executive Officer Chief Financial Officer Another quarter of double digit growth LSE: PAGE.L Website: http://www.page.com/investors Headline
More informationFirst ever quarter with over 200m Gross Profit
11 July 2018 and H1 2018 Trading Update Steve Ingham Kelvin Stagg Chief Executive Officer Chief Financial Officer First ever quarter with over 200m Gross Profit LSE: PAGE.L Website: http://www.page.com/investors
More informationThe Deloitte CFO Survey Political risk and corporate expansion
The Deloitte CFO Survey Political risk and corporate expansion Political risk has eclipsed worries about the economy as a concern for the Chief Financial Officers of the UK s largest companies. CFOs rank
More informationRetail banking. Section 4.2
Retail banking Section 4.2 Retail banking: CheBanca! profile CheBanca! KPIs Strong funding arm: 13.3bn direct deposits plus 1bn indirect deposits Best Italian online bank in 2012* Scalable and efficient
More informationIreland, one of the best places in the world to do business. Q Key Marketplace Messages
, one of the best places in the world to do business. Q1 2013 Key Marketplace Messages Why : Companies are attracted to for a variety reasons: Talent Young, flexible, adaptable, mobile workforce. The median
More informationGlobal ex US PE / VC Benchmark Commentary Quarter and Year Ending December 31, 2015
Global ex US PE / VC Benchmark Commentary Quarter and Year Ending December 31, 2015 Overview The Cambridge Associates LLC Global ex US Developed Markets Private Equity and Venture Capital (PE/VC) Index
More informationEmerging Trends in the Energy Industry. Paul Horak Partner, Audit and Enterprise Risk Services Deloitte & Touche LLP
Emerging Trends in the Energy Industry Paul Horak Partner, Audit and Enterprise Risk Services Deloitte & Touche LLP August 2016 Agenda Introduction Drilling and Production Trends Crude Oil and Refined
More informationSustainability. Why CFOs are driving savings and strategy
Sustainability Why CFOs are driving savings and strategy CFO Insights Why CFOs are driving savings and strategy By Dave Pearson, Christopher Park, and Eric Hespenheide This has been a critical year for
More informationCFO Survey 2017 Q2 Risk appetite increases, M&A activity to soar
Risk appetite increases, M&A activity to soar July 2017 Contents Key points from the survey 3 Economic context 4 Business outlook 5 Financing 6 Risk 7 M&A 8 Digitalisation of the finance function 9 A note
More informationFinancial Reporting for Taxes Current Developments
Financial Reporting for Taxes Current Developments Rick Favor Director, Deloitte Tax LLP Tax Executives Institute - Detroit, MI December 9, 2015 Agenda Standard setting update SEC/PCAOB matters Other developments
More information1st Half 2010 Results. July 29, 2010
Results July 29, 2010 1 Disclaimer This presentation contains forward-looking statements. The use of the words "aim(s)," "expect(s)," "feel(s)," "will," "may," "believe(s)," "anticipate(s)" and similar
More informationGlobal Report: Global Survey of Retirement Plan Accounting Assumptions
Global Report: Global Survey of Retirement Plan Accounting Assumptions July 2014 This report presents the results of Aon Hewitt s global survey of accounting assumptions used for employee benefit plans
More informationTax cosourcing Share the burden, seize the future
Tax cosourcing Share the burden, seize the future 1 Dramatic change is reshaping the roles and responsibilities of tax executives and tax departments. Tax groups are expected to continue to perform their
More informationBriefing on IASB TRG papers for 2 May meeting
Briefing on IASB TRG papers for 2 May meeting Key highlights Francesco Nagari, Deloitte Global IFRS Insurance Leader 27/04/2018 Agenda Summary of the TRG 2 May papers AP03 Cash flows within the contract
More informationAbout this survey. less optimistic than other major economies. Marcoeconomic pressure in the Eurozone,
Outlook April October 2013 About this survey is a regular survey of senior executives from large companies around the world, conducted by the Economist Intelligence Ernst & Young clients and contacts and
More informationManpowerGroup Employment Outlook Survey Netherlands
ManpowerGroup Employment Outlook Survey Netherlands 1 218 The ManpowerGroup Employment Outlook Survey for the first quarter 218 was conducted by interviewing a representative sample of 754 employers in
More informationEconomic outlook Thoughts on what to expect in Dr. Ira Kalish Chief Global Economist, Deloitte
Economic outlook Thoughts on what to expect in 2018 Dr. Ira Kalish Chief Global Economist, Deloitte USA Strong job market Full employment Employment rising faster than needed to absorb new entrants into
More informationEuropean CFO Survey Politics takes centre stage
European CFO Survey Politics takes centre stage Q May 06 Sweden European CFO Survey Q 06 Politics takes centre stage Contents Foreword Key findings Stable financial prospects Continued rise in uncertainty
More informationCFO Signals TM What North America s top finance executives are thinking and doing
CFO Signals TM What North America s top finance executives are thinking and doing Betting on North America despite 2016 concerns 4 th Quarter 2015 High-Level Report This report is a subset of a full report
More informationManpower Employment Outlook Survey
Manpower Employment Outlook Survey Global 4 215 Global Employment Outlook Nearly 59, employers across 42 countries and territories have been interviewed to measure anticipated labor market activity between
More informationTax Executives Institute, Inc. / State Direct Tax
Tax Executives Institute, Inc. / State Direct Tax Steven Spaletto, Tax Managing Director, Deloitte Tax LLP Logan Wilkowich, Tax Senior Manager, Deloitte Tax LLP May 11, 2018 State Tax Implications of an
More informationThe Deloitte/SEB CFO Survey. Swedish CFOs express an expansive agenda. Fall 2017 results
The Deloitte/SEB CFO Survey Swedish CFOs express an expansive agenda results Contents 3 Executive summary 4 Macro update 8 Business outlook and financial position 10 Prospects and concerns 12 Financing
More informationManpower Employment Outlook Survey New Zealand
Manpower Employment Outlook Survey New Zealand 3 216 New Zealand Employment Outlook The Manpower Employment Outlook Survey for the third quarter 216 was conducted by interviewing a representative sample
More informationManpowerGroup Employment Outlook Survey Finland
ManpowerGroup Employment Outlook Survey Finland 1 217 The ManpowerGroup Employment Outlook Survey for the first quarter 217 was conducted by interviewing a representative sample of 62 employers in Finland.
More informationIFC / CWDI 2010 Report: Accelerating Board Diversity
IFC / CWDI 2010 Report: Accelerating Board Diversity Comparative Percentages of Women Directors -- Europe Country # of in Survey Percentage of with Women Directors Percent of Women Directors Norway 517
More informationManpowerGroup Employment Outlook Survey Hong Kong
ManpowerGroup Employment Outlook Survey Hong Kong 1 219 The ManpowerGroup Employment Outlook Survey for the first quarter 219 was conducted by interviewing a representative sample of 652 employers in Hong
More informationManpowerGroup Employment Outlook Survey UK
ManpowerGroup Employment Outlook Survey UK 218 United Kingdom Employment Outlook The ManpowerGroup Employment Outlook Survey for the fourth quarter 218 was conducted by interviewing a representative sample
More informationManpowerGroup Employment Outlook Survey Australia
ManpowerGroup Employment Outlook Survey Australia 1 19 The ManpowerGroup Employment Outlook Survey for the first quarter 19 was conducted by interviewing a representative sample of 1,5 employers in Australia.
More informationThe global economy in Grant Thornton International Business Report
Grant Thornton International Business Report $ Businesses resilient in face of growth challenges Ed Nusbaum considers the global economic outlook for 2016 NET 38% OF EU BUSINESSES OPTIMISTIC ABOUT ECONOMY
More information