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The scenario is the same in most developed countries around the world: life expectancy is rapidly increasing, while birthrates are falling. Causes include growing prosperity, and medicine and pharmaceuticals that are becoming increasingly effective. As a result, the share of older people in the population is rising.
On 1 January 2017 the new Swissness legislation entered into force. The background and aim of this legislation is to regulate more precisely the usage of the appellation of origin "Switzerland" along with the Swiss cross, and therefore to maintain over the long term the value of the "brand Switzerland.
The financial sector in Switzerland is facing fundamental structural change: Margins in conventional banking business are under pressure and falling profitability is becoming a fundamental problem. The exacerbated problems with profitability and the onset of structural change are obliging banks to concentrate even more on costs and efficiency.
In EY's first DNA of the CFO study, conducted in 2010, the role of the CFO had broadened to encompass not only traditional financial skills, but also more strategic and market facing responsibilities. This latest research -- conducted from December 2015 to February 2016 and including 61 life sciences respondents among the 769 overall respondents-- shows four forces that continue to transform the face of finance leadership: digital, data, risk and uncertainty, and stakeholder scrutiny and regulation.
The latest edition provides insurance executives with current developments in the ever-changing world of tax around the globe. Topics discussed in this issue are BEPS Action 4 on taxation of captive insurance companies, recent trends in offshore reinsurance in Canada, Singapore as a regional hub for insurers and Insurance premium tax stepping out of its shadow.
Today, the potential of media and entertainment companies to understand their customers is greater than at any time in history. Successfully capturing insights from an array of sources and translating them into viable products, services and business models will go a long way in defining the leaders of today and the leaders of tomorrow.