Welcome to the seventh issue of Deloitte Central Europe's Client Financial Services Industry Newsletter. This month, we continue our focus on emerging issues effecting banks, insurance companies, asset management companies and other financial services players in the region.

Among the articles in this issue you can find the results of a 2007 survey Charting a course through choppy waters by Deloitte Research in cooperation with the Economist Intelligence Unit (EIU). Another point of interest is Formulas for Success in Financial Services a series of three Points of View that was launched at the annual Global Financial Services Industry (GFSI) Summit. You can also find information about a package of tools developed by Deloitte's Enterprise Risk Services team to minimize the impact of IFRS regulations on banking systems, enabling banks to flawlessly migrate to new IFRS reporting.

We hope these articles and surveys will help you understand how best to deal with some of the challenges in the current market.

In this issue Publications from the 2008 GFSI Summit IFRS tools Easier then ever before Are you in control of your governance, risk and control issues? Reconnecting for profit Strategies for building sustainable profits in wealth managemen