Joint ICAEW & IFRS Foundation Financial Institutions Conference

Joint ICAEW & IFRS Foundation Financial Institutions Conference

London - 08 December 2014

Join ICAEW and the IFRS Foundation for the second annual jointly hosted event for financial institutions. This global event will consider the major IASB projects to change accounting standards currently used by financial institutions as well as supporting the implementation of new IFRSs.

Date and time Location Book now
08 December 2014 09:15 - 16:30 Chartered Accountants’ Hall, Moorgate Place, London, EC2R 6EA Book online

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Event information

By attending this one-day IFRS event for financial institution executives and other interested parties you will hear from IASB board and staff members on the future of financial reporting as well as receiving guidance on the implementation and analysis of key new standards.

The keynote address will be given by David Wright, Secretary General, International Organisation of Securities Commissions (IOSCO). Other expert speakers include Sir Winfried Bischoff, Financial Reporting Council; Simon Nixon, Wall Street Journal; Ian Mackintosh, IASB; Mike Ashley, Barclays and many more.

Attendees will:

  • improve their understanding of the purpose of the IASB projects;
  • gain insight from leaders in financial reporting; and
  • have access to focused break-out sessions covering financial instruments, insurance contracts and leases.

Programme

Time Session
08:30

Registration and light refreshments

09:15

Welcome

Michael Izza, CEO, ICAEW

09:30

Panel discussion: accounting for the financial crisis

Chair: Simon Nixon, Chief European Commentator of the Wall Street Journal

Panellists:

  • Hugh Shields, Executive Technical Director, IASB 
  • Ian Mackintosh, IASB Vice Chairman
  • Sir Winfried Bischoff, Chairman, FRC (UK)
  • Mike Ashley, Chairman, Audit Committee, Barclays
  • Vincent Papa, Director, Financial Reporting Policy, CFA Institute
11:00

Refreshment break

11:30

IFRS implementation break-out sessions: conducted by IASB members and staff
Choose one of the following:

1. Financial instruments: classification and measurement

  • Chair: Sue Lloyd, IASB member
  • Panellist: Maria Nordgren, Global Technical Director, Accounting Policy and Advisory Group, Deutsche Bank
  • Panellist: Andrew Spooner, Partner, Deloitte

2. Financial instruments: impairment

  • Chair: Stephen Cooper, IASB member
  • Panellist: Kumar Dasgupta, Technical Director, IASB
  • Panellist: William Hayward, Director, Group Risk, Barclays
  • Panellist: John McDonnell, Partner, Banking Assurance & Advisory Services, PwC
13:30

Lunch

14:30

IASB project break-out sessions: conducted by IASB members and staff
Choose one of the following:

1. Financial Instruments: macro hedge accounting

  • Martin Edelmann, IASB member and IASB staff
  • Kumar Dasgupta, Technical Director, IASB
  • Yuji Yamashita, Visiting Fellow

2. Insurance contracts

  • Darrel Scott, IASB member and IASB staff
  • Milena Lacheta, Technical Associate, IASB

3. Leases

  • Philippe Danjou, IASB member and IASB staff
  • Roberta Ravelli, Seconded to the IASB
16:00

Keynote address

David Wright, Secretary General, International Organisation of Securities Commissions (IOSCO)

16:30

End of conference

Ways to book

Discounts

Group discounts available for groups of 5 or more, please contact the events booking team for more information

Costs

Rate Cost
Early Bird: Financial Reporting or Financial Services Faculty Members (by 07 November 2014) £549 + VAT
Early Bird: ICAEW Members (by 07 November 2014) £599 + VAT
Early Bird: Non-Members (by 07 November 2014) £699 + VAT
Standard: Financial Reporting or Financial Services Faculty Members (from 08 November 2014) £649 + VAT
Standard: ICAEW Members (from 08 November 2014) £699 + VAT
Standard: Non-Members (from 08 November 2014) £799 + VAT

Discounts available

Jointly with

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Speakers

David Wright, Secretary General of the International Organization of Securities Commissions (IOSCO)
After graduating from Worcester College, Oxford in 1974 in politic… David Wright, Secretary General of the International Organization of Securities Commissions (IOSCO)David Wright, Secretary General of the International Organization of Securities Commissions (IOSCO)

After graduating from Worcester College, Oxford in 1974 in politics, economics and philosophy (PPE) David has worked for nearly 34 years in the European Commission from 1977- 2011. He held a variety of posts including at the beginning of his career responsibility for oil and gas data in the Statistical Office, Luxembourg (1977-1981) during the second oil crisis; energy policy coordination and modelling in the Directorate General for Energy, Brussels (1982-1987); and then industrial trade policy negotiations during the Uruguay multilateral trade round (1987-1989).

From 1989-1992 he was a member of President Delors' "Think Tank" called the "Cellule de Prospectives" where he worked on industrial policy and wrote the first Commission document on sustainable development. In this period he co-authored a book with Professor Alexis Jacquemin on the post-1992 EU political and economic agenda called "Shaping factors, shaping actors".

From 1993-1994 he was a member of Sir Leon Brittans' Cabinet and worked on various aspects of trade and industrial policy, including completion of the Uruguay Round in 1994. In 1995 he became an Adviser to President Jacques Santer in his Cabinet – covering competitiveness, industrial and telecom policies, political relations with the UK and Ireland, financial services, risk capital and various other trade and foreign policy briefs.

From March 2000 – October 2010 he was first Director, then Deputy Director-General for securities and financial markets, then for all financial services policy in DG Internal Market and Services. He helped design and drive forward the Financial Services Action Plans to integrate the EU's capital and financial services markets. He was the rapporteur for both the Lamfalussy (2000/1) and De LaRosière Committees (2008/9), chaired the Securities and Banking Committees and represented the Commission in the Financial Services Committee and in various FSB/G20 fora. He also played a leading role in the EU-US financial markets dialogue in this period.

He was the EU Visiting Fellow at St Antony's College, Oxford until July 2011 and was a Member of the European Commission's Task force on Greece until the end of January 2012.

David Wright’s appointment as Secretary General of the International Organization of Securities Commissions (IOSCO) commenced on 15 March 2012.

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Simon Nixon
Chief European Commentator of the Wall Street Journal Simon Nixon

Chief European Commentator of the Wall Street Journal

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Sir Winfried Bischoff
Chairman, FRC (UK) Sir Winfried Bischoff

Chairman, FRC (UK)

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Ian Mackintosh
Vice-Chairman, IASB Mr Mackintosh was formerly Chairman of the Uni… Ian MackintoshIan Mackintosh

Vice-Chairman, IASB

Mr Mackintosh was formerly Chairman of the United Kingdom Accounting Standards Board (ASB). Originally from New Zealand, Ian has spent much of his career in Australia, first with Coopers & Lybrand and later as a consultant in his own practice. In November 2000, he was appointed Chief Accountant of the Australian Securities and Investment Commission and following that was Manager, Financial Management, South Asia at the World Bank.

Mr Mackintosh has played an active role in standard-setting since 1983. He was a member, and later Deputy Chairman, of the Australian Accounting Standards Board, as well as chairing its Urgent Issues Group. Mr Mackintosh has substantial public sector experience, having chaired both the Australian Public Sector Accounting Standards Board and the IFAC Public Sector Committee.

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Mike Ashley
Chairman, Audit Committee, Barclays Mike Ashley

Chairman, Audit Committee, Barclays

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Darrel Scott
IASB member. Darrel Scott was formerly CFO of the Fi… Darrel ScottDarrel Scott

IASB member.

Darrel Scott was formerly CFO of the FirstRand Banking Group, one of the largest financial institutions in South Africa. He had responsibility for both statutory and regulatory financial reporting under the Basel II Accords and served on various Governance, Risk, Operation and Strategic Committees of the Group.

Mr Scott was also a member of the IASB's International Financial Reporting Interpretations Committee (IFRIC), a position from which he resigned to become an IASB member, and was formerly a member of the IFRS Foundation's Standards Advisory Council (SAC), now called the IFRS Advisory Council.

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Hugh Shields
IASB Executive Technical Director Hugh Shields joined the IASB in … Hugh ShieldsHugh Shields

IASB Executive Technical Director

Hugh Shields joined the IASB in March as Executive Technical Director and leads the IASB’s technical staff. Hugh previously held senior positions both in banking and public accounting practice. Hugh has extensive experience of the application of IFRS, having held senior technical accounting and financial reporting roles across Asia, Europe, Africa, the Middle East and the Americas. He has also served as a Member of various advisory bodies to the Fédération des Experts-comptables Européens (FEE) and the European Financial Reporting Advisory Group (EFRAG). Hugh qualified with the Institute of Chartered Accountants of Scotland in 1990, having trained at KPMG London. He read Economics at university and is also professionally qualified as a Corporate Treasurer.

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John McDonnell, Partner, Banking Assurance & Advisory Services PwC
Kumar Dasgupta
Technical Director, IASB Kumar Dasgupta is a Technical Director at… Kumar DasguptaKumar Dasgupta

Technical Director, IASB

Kumar Dasgupta is a Technical Director at the IASB and is responsible for the financial instruments project. Prior to joining the IASB he was the National partner responsible for Treasury and Financial Instruments Accounting for PriceWaterhouseCoopers in India. Kumar is a Chartered Accountant and alumni of London Business School where he did his Masters specialising in quantitative finance.

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Maria Nordgren
Global Technical Director, Accounting Policy and Advisory Group, D… Maria Nordgren

Global Technical Director, Accounting Policy and Advisory Group, Deutsche Bank

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Martin Edelmann
IASB member. Mr Edelmann served as a member of the G… Martin EdelmannMartin Edelmann

IASB member.

Mr Edelmann served as a member of the German Accounting Standards Board (GASB) from 2006 until 2011. He is a former Head of Group Reporting at Deutsche Bank AG, where he was responsible for internal and external reporting activities between 1997 and 2011. During his time at the Bank, he oversaw a number of major projects including the Bank's conversion from US GAAP to IFRS in 2007.

Before joining Deutsche Bank, Mr Edelmann worked at KPMG for nine years providing audit services primarily for financial institution. During that time with KPMG he qualified as a Chartered Accountant. Until joining the IASB he was a senior adviser at German consultancy firm zeb/rolfes.schierenbeck.associates (Zeb).

Mr Edelmann was also a member of the Accounting Working Group of the German Banking Association for 14 years and served as its Chairman from 2004-2011.

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Philippe Danjou
IASB member. Until his appointment he was the direct… Philippe DanjouPhilippe Danjou

IASB member.

Until his appointment he was the director of the accounting division of the Autorité des Marchés Financiers (AMF), the French securities regulator. He graduated from HEC, then qualified as a Chartered Accountant and Registered Statutory Auditor, and joined Arthur Andersen & Co. (Paris) in 1970.
At Arthur Andersen, Mr Danjou ultimately became an audit partner. He was also Executive Director of the French Ordre des Experts Comptables (OEC) from 1982 until 1986.

Mr Danjou was a member of the International Auditing Practices Committee and a technical adviser to the French delegate to the former International Accounting Standards Committee, the predecessor to the IASB.
While at the AMF he served on the IASB's Standards Advisory Council, as an observer at the Committee on Auditing of the European Commission, as a member of IOSCO's Standing Committee 1 on Multinational Accounting and Disclosure, and the Financial Reporting Committee of the Committee of European Securities Regulators (CESRFin).

In 2006, he was appointed chairman of the European Enforcers Coordination Sessions created by CESRFin to help foster consistent enforcement by regulators of IFRS-based financial statements.

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Stephen Cooper
IASB member. Mr Cooper became a member of the IASB i… Stephen CooperStephen Cooper

IASB member.

Mr Cooper became a member of the IASB in 2007 having previously served on a number of IASB advisory groups, including the working group related to the development of IFRS 2 Share-based Payment and the joint international group advising the IASB and FASB on financial statement presentation. He was also a member of the IASB’s investor advisory group from its inception, now called the capital markets advisory committee.

Prior to joining the IASB Mr Cooper was a Managing Director in the equities division of UBS Investment Bank. He joined UBS in 1997 as an analyst specialising in equity valuation and accounting for which he was voted the #1 analyst in Europe for several years.

Subsequently he was also appointed as a member of the UBS research global investment recommendations committee and the investment committee of the UBS UK pension fund.

Mr Cooper has also had other investment banking related roles including corporate finance advisory at Schroders, now part of Citigroup, and financial analysis education and training.

Mr Cooper qualified as an accountant in 1983 and has a Master’s degree in Accounting and Finance from the London School of Economics.

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Sue Lloyd
IASB member Prior to being appointed to the Board, Ms Lloyd served… Sue LloydSue Lloyd

IASB member

Prior to being appointed to the Board, Ms Lloyd served as a Senior Director of Technical Activities for the IASB. In this capacity, she was responsible for leading the technical staff in the development of new IFRSs, in particular leading the current agenda. Prior to this role, Ms Lloyd served as the IASB’s Director of Capital Markets, with responsibility for the IASB’s work to reform the accounting for financial instruments.

Ms Lloyd previously worked for the IASB between 2002 and 2004, serving as a project manager for the Consolidation and Leases project. Between leaving the IASB in 2004 and re-joining in 2009, Ms Lloyd held various senior positions in investment banking for JP Morgan and Goldman Sachs. Prior to relocating to the United Kingdom in 2002 Ms Lloyd worked in investment banking in Australasia. She is a former member of the Australian Accounting Standards Board and graduated from the University of Auckland with an M.Comm (Hons) in Accounting and Finance.

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Vincent Papa
Director, Financial Reporting Policy, CFA Institute Vincent Papa

Director, Financial Reporting Policy, CFA Institute

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