Samuel da Rocha Lopes, Principal Bank Sector Analyst at the European Banking Authority, explains what will change with banks' internal audit.

The Finanças para Todos program, created by the Nova SBE Finance Knowledge Center (Nova School of Business & Economics' specialized knowledge center in Finance), was created to increase the levels of financial literacy in Portugal. The program, which celebrates its first anniversary this month, already has more than 500 participants and is preparing to create more classes in both face-to-face and online formats.

João Silveira Lobo, independent management consultant and professor at Nova SBE, explains what you can expect when it comes to the economy in 2023 and how to prepare yourself to face the possible challenges of the coming year.

In times of uncertainty and transformation, the best strategy is to anticipate scenarios and embrace change. Prepare for tomorrow, now: invest in the future by investing in training.

With the recent focus on family constitutions (also known as 'constitutive acts' or 'protocols'), some family firms think this is the magic formula that will help them stay together, forever, in business.

Based on the performance of Portuguese companies during the sovereign debt crisis, we find that newly hired managers have become relatively more effective in achieving better performance for the companies. When compared to managers who have been with the organisation longer, newly hired managers outperform by around 18 per cent, both in terms of total sales and value added.

Banks in the European Union subject to International Financial Reporting Standards (IFRS) had to implement IFRS 9 as of 1 January 2018. One of the main concerns with the implementation of IFRS 9 is that it would cause a sudden increase in Expected Credit Loss (ECL) estimates, which would cause an abrupt and significant decline in Common Equity Tier 1 (CET1) regulatory capital ratios for many banks in the European Union.