Displaying 1-50 of 106 results
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Accounting for Dynamic Risk Management: challenges for insurers
- Article
- 07 Nov 2024
- ICAEW Financial Services Faculty
It seems likely that the IASB’s current proposals for accounting for dynamic risk management (DRM) will not help insurers better present their risk management approaches. Standard setters and the industry will need to undertake further thinking to develop a suitable accounting framework for DRM within insurers.
Payment scams, data hacks and Cyber Security Awareness Month
- Article
- 31 Oct 2024
- ICAEW Insights
Cyber round-up: the continuing payment scams and personal data attacks on individuals, key takeaways from ICAEW’s Cyber Security Awareness Month campaign, and how to safeguard your data and business from harm.
Corporate ‘cuckooing’ highlights flaws in Companies House reform
- Article
- 14 Oct 2024
- ICAEW Insights
Recent business shutdowns have shown how fraudsters can impersonate directors and brands – but experts say that planned Companies House reforms won’t solve the problem.
How to access free business banking dispute resolution support
- Article
- 14 Oct 2024
- ICAEW Insights
Accountancy firms play a unique role in supporting and advising SME clients about resolving banking issues – and some accountancy businesses may have banking issues of their own. Fortunately, help is at hand.
The FCA’s Safeguarding consultation explained
- Article
- 27 Sep 2024
- ICAEW Insights
The FCA has this week released its long-awaited consultation on Safeguarding. ICAEW’s Polly Tsang walks through some of the key proposals contained within it.
Disproportionate regulatory burden felt by smaller charities
- Article
- 24 Sep 2024
- ICAEW Insights
ICAEW members in the charity sector bemoan the disproportionate impact of regulation on smaller charities, as they face tight funding and soaring demand for their services. We look at major areas of concern.
Going concern lessons from Silicon Valley Bank
- Article
- 17 Sep 2024
- ICAEW Insights
Reuben Wales examines some of the key tenets of proposed guidance on accounting and reporting on going concern through the lens of the Silicon Valley Bank collapse.
Exclusive
Top 10 AI adoption questions for businesses and ICAEW members
- Article
- 29 Aug 2024
- ICAEW Financial Services Faculty
Artificial Intelligence’s (AI) potential to transform how businesses operate has led to a growing number of organisations to consider the impact that AI can, and will, have upon them.
Exclusive
IASB finds that IFRS 9’s impairment requirements are working well
- Article
- 23 Aug 2024
- ICAEW Financial Services Faculty
After six years of IFRS 9, during which it has been significantly tested by Covid-19 and the cost-of-living crisis, the IASB has found the impairment requirements of the standard to be working as intended.
National Wealth Fund to unlock green and growth investment
- Article
- 17 Jul 2024
- ICAEW Insights
Fund will bring together UK Infrastructure Bank and the British Business Bank to unlock billions of pounds of investment in the UK’s green and growth industries, government says.
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Solvent exit planning for UK banks and insurers
- Article
- 15 Jul 2024
- Michelle Adcock, Prudential Banking Sector Lead & Alisa Dolgova, Prudential Insurance Sector Lead, for KPMG
The UK already has a robust resolution regime for banking institutions, which was first implemented in the wake of the Global Financial Crisis. Focus has historically been on the resolvability and exit strategies of the largest ‘too-big-to-fail' banks.
British Business Bank launches Recovery Loan Scheme successor
- Article
- 12 Jul 2024
- ICAEW Insights
Running until 31 March 2026, the new Growth Guarantee Scheme aims to support small businesses by offering loans of up to £2m, with 70% government-backed guarantees.
Exclusive
Motor Finance: investigation if widespread misconduct
- Article
- 05 Jul 2024
- ICAEW Financial Services Faculty
In January 2024 the FCA announced it will investigate whether there is historical evidence of widespread misconduct in relation to sales of motor finance.
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IFRS 18: Financial services considerations
- Article
- 01 Jul 2024
- ICAEW Financial Services Faculty
The International Accounting Standard Board recently published IFRS 18, Presentation and Disclosure in Financial Statements. While much of the material is carried across from IAS 1, there are some new requirements, notably affecting the profit and loss disclosures.
Exclusive
Attesting time for financial services
- Article
- 01 Jul 2024
- ICAEW Financial Services Faculty
ICAEW’s Financial Services Faculty highlights the potential implications of the new Corporate Governance Code attestation requirement on banks and insurers.
How accountants can help the ‘great unadvised’
- Article
- 18 Jun 2024
- ICAEW Insights
A surge of user-generated online budgeting tools has highlighted the problem of financial advice exclusion. But accountants have the power to close the gap.
Exclusive
IFRS S2 Climate-related Disclosures: commercial banking and mortgage finance sector guidance
- Article
- 17 May 2024
- ICAEW Financial Services Faculty
IFRS S2 Climate-related Disclosures require an entity to disclose information about its climate-related risks and opportunities. The ISSB has published additional sectoral guidance to illustrate how aspects of IFRS S2 requirements may be applied.
Charity banking obstacles reach crisis point
- Article
- 22 Apr 2024
- ICAEW Insights
Difficulty opening accounts, accounts being frozen or closed without warning, inadequate customer service, high charges and lengthy delays in implementing new mandates among list of complaints.
‘Boring’ policies will address economic challenges
- Article
- 19 Apr 2024
- ICAEW Insights
New policy solutions to problems facing the UK economy will be prosaic but important, Conservative Party Forum Chair John Penrose MP told a round table this week.
How to overcome the digital euro challenge
- Article
- 15 Apr 2024
- ICAEW Insights
As the digital revolution continues apace, plans for a digital euro offer significant benefits for society. Meglena Grueva looks at the journey from theory to practice.
Exclusive
Assurance challenges in the context of CSRD
- Article
- 20 Mar 2024
- ICAEW: Financial Services Faculty
Polly Tsang, Senior Financial Services Regulatory Manager, considers some of the challenges of assurance over CSRD.
Exclusive
FCA Lessons from the first year of IFPR Implementation
- Article
- 14 Mar 2024
- ICAEW Financial Services Faculty
In November 2023, the FCA issued a concluding report covering. We look at the key issues affecting our members.
Exclusive
2024 prudential banking supervisory priorities
- Article
- 23 Feb 2024
- ICAEW Financial Services Faculty
The PRA has published letters setting out its 2024 supervisory priorities for UK deposit takers and international banks.
Baker Tilly investment puts partnership model under spotlight
- Article
- 20 Feb 2024
- ICAEW Insights
The private equity investment will reshape Baker Tilly US into two separate organisations – but this latest foray by PE into the accountancy market doesn’t yet mark the end of the partnership model.
ICAEW manifesto: shadow minister discusses SME investment
- Article
- 20 Feb 2024
- ICAEW Insights
ICAEW has been presenting its manifesto for a more resilient and economically healthy UK to ministers of all parties in the run-up to its official launch, including Shadow Small Business Minister Rushanara Ali.
Consultation on loss relief changes for building societies
- Article
- 09 Feb 2024
- ICAEW
The government is consulting on draft secondary legislation that applies to transfers of business by building societies.
How charities can face complex regulatory challenges
- Article
- 07 Feb 2024
- ICAEW Insights
ICAEW’s Charity Committee Chair calls for more balanced and proportionate regulation as charities brace for a demanding year ahead.
Student societies: building communities
- Article
- 01 Feb 2024
- ICAEW Insights
As Chair of London’s student society, Sunny Yang is helping to create a modern, inclusive community. He tells us about some of the latest initiatives.
ICAEW Member Insights: January 2024
- Article
- 30 Jan 2024
- ICAEW Insights
Cost pressures have started to ease and the rate of inflation has falling, but the availability and cost of finance remains an ongoing concern for businesses, alongside the difficulty of operating in an uncertain environment.
Exclusive
The Sustainability Disclosure Regime and Investment Labels Goes Live in 2024
- Article
- 18 Jan 2024
- ICAEW Financial Services Faculty
In a world grappling with environmental and social challenges, investors are increasingly drawn to funds that align with sustainability goals.
Exclusive
Maintaining stability in the era of stablecoins
- Article
- 16 Jan 2024
- ICAEW Financial Services Faculty
Stablecoins emerge as a prospective form of future money, offering a plausible alternative to traditional fiat paper money and commercial bank deposits.
Tax news in brief 10 January 2024
- Article
- 09 Jan 2024
Highlights from the broader tax news for the week ending 10 January 2024, including: using agent reference numbers; submitting bank and building society returns; and VAT on electric vehicle recharging.
Exclusive
How concerned should we be about a digital pound?
- Article
- 12 Dec 2023
- ICAEW Financial Services Faculty
The Treasury and Bank of England’s consultation on introducing a digital pound received 50,000 responses.
Exclusive
FCA proposals to support diversity and inclusion
- Article
- 24 Nov 2023
- ICAEW Financial Services Faculty
Concerns that financial services organisations are paying lip service to DE&I has prompted proposals that strengthen the regulator’s expectations around non-financial misconduct.
Exclusive
Data sharing as a policy intervention
- Article
- 21 Nov 2023
- David Bholat
The recent and spectacular advances made in generative artificial intelligence have been possible because of shared data.
Exclusive
Exploring Critical Questions in CSRD Assurance for Professional Service Firms
- Article
- 16 Nov 2023
- Polly Tsang, ICAEW Financial Service Faculty
Polly Tsang, Financial Services Manager explores some of the issues Professional Services Firms need to be thinking about now with the introduction of the Corporate Sustainability Directive (CSRD) in 2025.
Exclusive
IFRS 9 Financial Instruments and procyclicality
- Article
- 27 Oct 2023
- ICAEW, Financial Services Faculty
Earlier this year the IASB launched a call for evidence as part of its post implementation review of the impairment requirements in IFRS 9 Financial Instruments. Some respondents to the call for evidence pointed out that the impairment model in IFRS 9 is procyclical, a point also discussed by the ECB in a working paper published in June 2023.
Exclusive
Using tokenisation within exchange, clearing and settlement
- Article
- 20 Oct 2023
- ICAEW, Financial Services Faculty
Enhanced trust, efficiency and security in financial markets make blockchain a promising innovation for the future of trading and asset management.
Tax news in brief 27 September 2023
- Article
- 26 Sep 2023
Highlights from the broader tax news for the week ending 27 September 2023, including: student loan deductions and payrolled benefits; enhancements to HMRC’s use of open banking; and changes to probate phone lines.
Exclusive
Challenges with accounting for financed emissions
- Article
- 22 Sep 2023
- ICAEW Financial Services Faculty
In recent years, the issue of "financed emissions" has become a crucial aspect of the climate change discussion, highlighting the significant role that financial institutions play in contributing to greenhouse gas emissions.
Exclusive
Customer satisfaction with the UK banks
- Article
- 21 Sep 2023
- inancial Services Faculty
On 15 August the Competition and Market’s Authority released the results of its latest independent survey of customer satisfaction with UK banks.
Exclusive
UK proposals on retail central bank digital currency (CBDC)
- Article
- 14 Aug 2023
- Reuben Wales, ICAEW Financial Services Faculty
Following Bank of England and HM Treasury’s consultation on proposals for a digital pound, Reuben Wales, ICAEW’s Head of Financial Services, outlines our key recommendations as proposals are taken forward.
Exclusive
UK proposals on how to regulate ESG ratings providers
- Article
- 11 Aug 2023
- Polly Tsang, Financial Services Faculty
Following HM Treasury’s consultation on its proposed regulatory regime for environmental, social, and governance (ESG) ratings providers, Polly Tsang, ICAEW’s Financial Services Regulatory Manager, outlines the planned rules and where they should be expanded.
New FCA rules require fair value for financial services
- Article
- 01 Aug 2023
- ICAEW Insights
New Financial Conduct Authority (FCA) rules for financial services firms have come into force setting a higher standard of consumer care. Reuben Wales, ICAEW’s Head of Financial Services, examines what firms will need to consider to ensure their products are offering fair value.
Resolving SME banking disputes amid worsening economic conditions
- Article
- 12 Jul 2023
- ICAEW Insights
With stormy economic waters ahead, complaints against banks are likely to rise, says Dirk Paterson, Customer Director at the Business Banking Resolution Service. Here he looks at how his organisation can help.
Exclusive
Cryptoassets and making the case for regulation
- Article
- 20 Jun 2023
- Reuben Wales: Financial Services Faculty, ICAEW
Regulating new forms of technology is never easy. If they are being developed within financial services, the ask is even greater.
SMCR reform: proposals for change in challenging times
- Article
- 07 Jun 2023
- ICAEW Insights
The government is seeking to review the SMCR as part of its Edinburgh Reforms, but how will potential changes help the government meet its objectives of supercharging the UK’s financial services sector?
Exclusive
SMCR reform: proposals for change in challenging times
- Article
- 10 May 2023
- ICAEW: Financial Services Faculty
The government is seeking to review the SMCR as part of its Edinburgh reforms, but how do reforms looks set to pan out and how will potential changes help the government meet its objectives of supercharging the UK’s financial services sector?
Exclusive
Similarities and differences between UK banks and insurers
- Article
- 24 Apr 2023
Banks and insurers are both balance sheet businesses. But there are significant differences in their business models and the risks they face which explain why recent economic events have not had the same effect on insurers as some banks.
Exclusive
Basel 3.1 implementation – getting ahead of the curve
- Article
- 31 Mar 2023
The PRA is consulting on its implementation of Basel 3.1, also commonly referred to as Basel 4 or the final Basel reforms. In this article the Faculty takes a look at the PRA’s proposals, some of the key implementation challenges, and what banks should be thinking about to prepare for the new rules.
Displaying 1-50 of 106 results