PwC's Short Reads - May 2024 Edition
1. A closer look at the CRR III/CRD VI Banking package
On 24 April 2024, the European Parliament voted to approve the amendments to the Capital Requirements Regulations (CRR) and Capital Requirements Directive (CRD) proposed within the Banking Package put forward by the European Commission in October 2021.?
2. The critical role of energy efficiency for modern businesses
Rising energy prices and the critical need to address climate change have pushed businesses to reevaluate their energy management strategies. Beyond just cost, energy use in businesses significantly contributes to climate change, underscoring an urgent need for transformative approaches to energy consumption and management.
3. How can businesses successfully deliver strategic projects in today's disruptive business landscape?
The need for effective project management, along with experienced and skilled project professionals, is more prevalent now than ever. Today’s global landscape is characterised by rapid change, innovation and disruptive technology.
4. It's okay not to be OK...but it's important to talk about it
In today’s diverse workplace, mental well-being is as important as physical health. Employers play a pivotal role in recognising and addressing mental health struggles among their staff, which can lead to impacted productivity, engagement and team harmony.
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5. The 2024 IIA Global Internal Audit Standards
In January 2024, the Institute of Internal Auditors (IIA) released its latest initiative to support the continuous advancement of the profession and help organisations navigate today's complex risk environment.
6. Harmonising cloud transformation and data security
Cloud transformation is the driving force behind operational modernisation and business model reinvention. Potential conflicts between the leaders responsible for data security and cloud usability could get in the way of implementation – weakening business impact and return on investment.
7. Tax Benefits for Qualifying Expatriates within the Investment Services and Insurance industries in Malta
The Malta Tax and Customs Administration (MTCA) issued Guidelines concerning the application of Article 6 of the Maltese Income Tax Act (ITA). The Guidelines do not set out any changes to the qualifying conditions or the tax benefits granted under this Article but set out reporting obligations to be followed by the employer and the qualifying employee when availing of the exemption concerning personal expenses paid by the employer on behalf of the qualifying employee and/or one’s family members.
8. Retrofitting of Private Sector Buildings
The Maltese Government relaunched the grant scheme for the retrofitting of private buildings through an open rolling call, operational until 31 December 2024, subject to availability of funds.
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9 个月hi