Listed below are our current releases.
| Airlines face US$600 million fraud loss |
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07 May 2007 |
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Airline fraud is costing the industry over US$600 million a year according to a new report out today. The survey, undertaken by Deloitte and the IAAIA (International Association of Airline Internal Auditors), shows that fraud has increased five-fold since the last in-depth study of the industry six years ago. 79% of airlines participating in the survey have experienced fraud in the last 12 months. Deloitte found the average airline loses US$3 million a year to fraud, with low cost carriers being the hardest hit. The average number of fraud cases for the low cost carriers was over 1,000 a year, compared with around 300 for the... |
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| Boards of Directors are Responsible for Risk Management in Financial Institutions |
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26 April 2007 |
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Risk management in 2006 was elevated to the top, at the board-level responsibility, in more than two thirds (70 percent) banks ans other finantial institutions. In addition, 84 percent of institutions reported that they now have a chief risk officer (CRO) in place. Risk management receives heightened scrutiny in the boardrooms of financial services institutions, according to the fifth edition of Deloitte’s global risk management survey “Accelerating Risk Management Practices”. While executives at financial services firms rated their risk management processes as extremely or very effective in the areas of market, credit and... |
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| Serving the Aging Citizen |
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25 April 2007 |
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By 2011, the first wave of the Baby Boom generation will reach retirement age, which will mark a new era for governments across the globe, and will force governments worldwide to revisit the services they provide to their citizens and rethink how they will continue to fund public services, according to Serving the Aging Citizen, a new study from Deloitte Touche Tohmatsu (“Deloitte”). The ratio of working-age people to children and elderly (65+), the “dependency ratio”, is likely to rise in most developed countries. Japan, Germany and European Union-14 countries may be hardest hit by this demographic shift, and the... |
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| Sales for world's top 250 retailers show 6 percent gain over previous year |
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27 February 2007 |
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The amount of money consumers spent with the top 250 retailers in the world reached a record $3.01 trillion between July 1, 2005 and June 30, 2006, up 6 percent over last year’s total of $2.84 trillion, shows a new report from Deloitte Touche Tohmatsu, in conjunction with STORES magazine. The retail sales data shows that consumer spending around the globe reached an impressive $90,000 per second, or $5.4 million per minute, at the world’s 250 biggest retailers. ‘The Global Powers of Retailing 2007’ ranks the largest 250 retailers worldwide by revenue, lists the 50 fastest growers in the world, and examines the hurdles retailers... |
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| Investments from private equity funds focused on Central Europe have cashed in on higher exit multiples |
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15 February 2007 |
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According to the most recent Deloitte Central Europe Private Equity Confidence Survey, 2006 was a great year for Private Equity in the region. In the past 6 months funds have cashed in on higher exit multiples which is expected to turn to more of a buying focus. This is confirmed by the findings of the survey, as the focus on new investments is reaching its all time high. “Based on our results, we expect interest in Central European private equity to only continue to grow.” Said Garret Byrne Partner who leads Deloitte’s M&A Transaction Service Group in Central Europe. Key... |
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| Deloitte’s securitization practices ranked best in the world |
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25 January 2007 |
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Deloitte Touche Tohmatsu (DTT) announced today its member firms have been recognized as the world’s best for securitization accounting by International Securitisation Report (ISR), a securitization trade publication based in London, at its 2006 annual awards ceremony held at the London Hilton, Park Lane this evening. Deloitte was further recognized for having won the award for nine consecutive years since inception. The annual ISR Global Securitization Awards are recognized internationally as the most important qualitative assessment of excellence within the structured finance community. The awards also recognize the best... |
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| Deloitte analyses top trends for the technology, telecoms and media industry for 2007 |
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19 January 2007 |
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The Technology, Media and Telecommunications practice at Deloitte announced its predictions for the technology, telecoms and media sector for 2007. The research has shown that in 2007, biometric-based security, whereby a physical characteristic of the individual is used as the key, may well be used to provide additional layers of security. The iris, fingerprint, palm veins, voice and hand geometry are all specific to each individual, and can be used to verify identity. Biometrics may well be employed in a large range of applications, driven by falling prices, the rising performance of key technologies such as processors and digital storage,... |
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| The Future of the Life Sciences Industries: Strategies for Success in 2015 |
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17 January 2007 |
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According to a unique survey of top executives in the field undertaken by Deloitte Touche Tohmatsu (DTT) member firms in collaboration with the Economist Intelligence Unit (EIU), businesses engaged in the life sciences are poised to undergo dramatic change in the next decade. Driven by shifts in age and demographics, disease, the entry of new technologies, and the pace of health care inflation, life sciences companies see the need for dramatic change in their business strategies in order to cope with the future industry environment. The executives participating in the survey titled "The Future of the... |
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| Risk Management Can Help Energy Companies Comply with Regulations and Achieve a Fair Credit Rating |
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14 December 2006 |
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Energy companies can comply with regulations more effectively, receive fair ratings from credit agencies and insurers, and improve capital investments by moving beyond traditional risk management practices and implementing enterprise risk management (ERM), according to a new Deloitte & Touche LLP whitepaper, "The Risk Intelligent Enterprise: ERM for the Energy Industry." “Energy companies face increasingly complex and interdependent risks which require a comprehensive and integrated risk management capability. Companies that attain a strategic ERM focus will be... |
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| Closing the infrastructure gap |
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06 December 2006 |
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New Deloitte study outlines the benefits and challenges of Public Private Partnership, a very popular model for financing and development of infrastructure. From country to country, the large and growing gap between infrastructure needs and the resources governments have historically invested in meeting those needs is obvious everywhere. Less well understood is the revolution taking place in the way that governments are trying to narrow the infrastructure deficit. Increasingly governments are turning to the private sector for financing, design, construction, and operation of infrastructure sectors. For example, in the United... |
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