Displaying 1-50 of 291 results
Election explainers: what are interest rates?
- Article
- 18 Jun 2024
- ICAEW Economies Team
Interest rates are often discussed in the media and political debates. But how are they calculated and how do they affect people and businesses? ICAEW experts offer this simple guide on interest rates, the future outlook and the challenges in managing them.
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
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.
Exclusive
Bank capital and climate related risks
- Article
- 20 Mar 2023
- ICAEW: Financial Services Faculty
The Faculty explains how climate-related risks can affect the capital requirements of a bank and asks whether regulatory capital requirements should be used to promote green assets.
Exclusive
Ring-fencing rules up for debate
- Article
- 16 Mar 2023
- ICAEW Financial Services Faculty
The relaxation of prudential measures as memories of the financial crisis fade or a further step towards a comprehensive, coherent and robust prudential regime? Either way potentially more change and uncertainty for the banking industry.
Exclusive
Banks interest margins have increased but for how much longer?
- Article
- 20 Mar 2023
- David Smith
It is the oldest complaint about banks, and it is one that is being heard again. The charge is that, in a period of rising official interest rates, banks are quick to increase lending rates but tardy in raising deposit rates. Savers who looked forward to the end of more than a decade of paltry returns have had to be ultra patient.
Exclusive
Financial products in a fintech world
- Article
- 20 Mar 2023
- Daniel Langdon
Fintech startups have become more and more established within the financial services industry in recent years. But a new wave of innovation is still around the corner, writes Daniel Lanyon.
Exclusive
Housing gets all the attention, but commercial property is being hit harder
- Article
- 21 Feb 2023
- David Smith
For some sectors of the economy, it never rains but it pours. Commercial property is dealing with a range of challenges, none of which it could have anticipated even relatively recently.
Exclusive
Inflation negation
- Article
- 21 Nov 2022
- Beth Holmes
Investment managers face difficult decisions given present inflationary headwinds, with certain types of investments faring better than others. With inflation at a 40-year high, what strategies are being deployed by fund managers to negate its impact?
Exclusive
Banks dodged a windfall tax bullet, but the government’s still desperate for revenue
- Article
- 21 Nov 2022
- David Smith
Interest rates had gone up sharply, and households and businesses were feeling the pain. Inflation was in double figures, partly under the impact of soaring energy prices, and the government was under pressure. In response, the chancellor announced a change that sent shudders through the banking sector.
Exclusive
Auditing amid economic uncertainty
- Article
- 21 Oct 2022
- Adam Leach
On September 23rd, Kwasi Kwarteng, who had been appointed as Chancellor of the Exchequer just 17 days earlier, held what he called a ‘fiscal event’…and quite the event it turned out to be.
Exclusive
How a blow up in the gilt market sent shudders through the system
- Article
- 21 Oct 2022
- David Smith
We have been through the most extraordinary period of political, economic and market instability, including the replacement of a chancellor, Kwasi Kwarteng, after less than 40 days in office.
Exclusive
Cost of Living Crisis – implications for consumers, firms and regulators in financial services
- Article
- 20 Oct 2022
- ICAEW: Financial Services Faculty
The current cost of living crisis presents an extraordinary challenge for firms and regulators to address a rapidly developing situation in an environment of political uncertainty.
Exclusive
Financial meltdown: will we ever learn?
- Article
- 20 Oct 2022
- Beth Holmes
After the early 1970’s budgets from Anthony Barber, ‘Barber boom’ acquired textbook status of how not to engage in fiscal largesse. Yet have we done it all over again?
How far could a Big Bang 2.0 go?
- Article
- 14 Oct 2022
- ICAEW
Dramatic reforms to financial services regulation are a cornerstone of the government’s strategy to meet its 2.5% growth target.
Exclusive
For the new PM, crisis management and driving stronger growth are strange bedfellows
- Article
- 26 Sep 2022
- David Smith
The Conservative Party, sometimes said to be one of the world’s most effective election-winning machines – a reputation that may be tested at the next general election in 2024 – is also quite good at reinventing itself.
Exclusive
How is inflation affecting banking?
- Article
- 26 Sep 2022
- ICAEW
Banking’s UK inflation predictions have come thick, fast and as high as a staggering 22%, but far from a casual observer the sector can expect an at best mixed bag of its own side effects from sky high prices.
Displaying 1-50 of 291 results