https://www.icaew.com/rss/financial-servicesLatest news and developmentsen{A3EEF2A5-22AE-4103-8E40-81341A47F87B}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/2026-corporate-governance-code-provision-29This webinar will consider the implications for financial services implementing provision 29.{90A4DC70-0DFB-475F-82A0-409ED8BB0436}https://www.icaew.com/technical/financial-services/2026/the-challenges-of-applying-uk-gaap-to-stablecoinsThis article explores the key accounting considerations for holders of stablecoins under FRS 102, highlighting areas where judgement is required and where practice may continue to evolve as both the market and regulatory landscape develop.{83B992E2-390B-4480-BEEB-3D8F781BB800}https://www.icaew.com/technical/financial-services/2026/from-deficit-to-discretion-who-really-controls-uk-db-pension-surplusesFor most of the last twenty years the UK defined benefit pensions system has been spoken about in terms of fixing problems. Deficits, falling gilt yields, increasing life expectancy and worries about whether sponsors would still be around to support schemes in the long run. Trustees and regulators spent years asking the same question in different ways which was essentially how much more money needs to go in. {5C615100-D0EE-470E-8D5A-F13E7D24BDA7}https://www.icaew.com/technical/financial-services/2026/risk-mitigation-accountingThe IASB is proposing a new way of accounting for hedges, based around a bank’s net balance sheet exposure to interest rate risk . This aims to mirror more closely, the economic/ commercial reality, of how big banks manage such repricing risk in practice.{421D8606-37D9-462B-864A-35DF0A68C23F}https://www.icaew.com/technical/financial-services/2026/parametric-insuranceWhile the parametric insurance market is expected to grow, it will not suit all risks or insured persons; and should be seen as complementary rather than as a substitute to traditional indemnity insurance. {B99C6AB5-2E0A-45E4-AAEB-72647C26FD91}https://www.icaew.com/technical/financial-services/2026/exploring-financial-resilience-and-accounting-challenges-across-the-uk-football-pyramidIn 2025 after a number of years of consultation, the Football Governance Act (the Act) was given Royal Assent, marking the establishment of the Independent Football Regulator. The regulator’s primary responsibility is to promote clubs’ financial soundness and protect and promote financial resilience.{7380F43C-A392-4524-B1B2-D666F2CFCF36}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/2026-safeguarding-webinarIn this webinar, we will explore the proposed safeguarding rules and what they will mean in practice for auditors and firms. {9BC16C4D-2F6A-4133-9463-B0D269F9ACBA}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/car-loans-the-issueThis webinar recording on Motor Finance addresses one of the most significant consumer finance issues of the year: the fallout from recent court decisions and regulatory investigations into car loans.{12E1D473-ADC3-4744-8B1D-8A476EDDBED7}https://www.icaew.com/technical/financial-services/2025/international-standards-an-inherent-tendencyThe complexity of the financial system leads to complex regulatory standards. The process of developing international standards might, however, have an inherent tendency towards over prescription, leading to unnecessarily lengthy and overly complex requirements. Many people would certainly agree!{265AA3CB-482D-4109-A22A-414CE4502843}https://www.icaew.com/technical/financial-services/2025/to-ring-fence-or-not-to-ring-fenceThere have been loud calls for the UK’s ring-fencing policy to be significantly reformed or dropped to help boost UK lending and growth. There have been equally strong voices defending ring-fencing as necessary to preserve UK financial stability and that it enables lower funding costs for UK borrowers. {5D86F8C4-246A-4211-A714-413D1535FD99}https://www.icaew.com/technical/financial-services/2025/major-uk-banks-eclThe PRA finds that major UK banks have improved their IFRS 9 Expected Credit Loss (ECL) capabilities but that certain risk remain elevated and encourages the banks to continue to look at challenging and enhancing their processes. {71F828EC-553E-4523-BF28-975CBFD587F9}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/cass-5-audits-2025This webinar from the Financial Services Faculty will provide helpful insights and hot topics specifically focused on CASS 5 insurance intermediary firms. {F6B99EDC-8105-40B4-8F8F-F1AD9B188498}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/cass-audits-2025An overview of all you need to know for auditors and firms planning for their CASS audits as well as for practitioners preparing their clients.{A535D1F3-2FB8-428B-9D8B-D53D543BCC04}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/navigating-climate-risk-for-banks-and-insurersThis webinar recording will explore key climate and nature risks, their potential evolution and the implications for the financial sector.{18551B60-C29F-484D-93F2-938920EA6732}https://www.icaew.com/technical/financial-services/2025/exploring-the-arguments-for-reforming-pension-schemesAfter more than a decade marked by concerns over rising liabilities, falling gilt yields and underfunding, the UK Defined Benefit Pensions (DB Schemes) sector now finds itself in a stronger, if somewhat more complex, position. {1930F962-E518-47EE-9CE8-615AB173BCD4}https://www.icaew.com/technical/financial-services/2025/vulnerabilities-in-nonbank-financial-intermediationMany entities engaged in non-bank financial intermediation perform bank like functions and are exposed to many of the same vulnerabilities and risks as banks – yet some are subject to looser regulatory oversight. {837E8F2D-0306-4892-A89F-09EB6E927C15}https://www.icaew.com/technical/financial-services/2025/liquidity-the-usBanks hold liquid assets to meet their short-term obligations, including to manage through market disruption or other stress events. {382317E8-BF32-4C90-868A-A6B57355FAA7}https://www.icaew.com/technical/financial-services/2025/quantum-threat-roadmapThe quantum threat is not a distant concern, it is a present strategic imperative that requires systematic preparation. {C3D618AB-37E2-4859-A837-94CCB8FF6364}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/ifrs-17-insuranceWatch our webinar recording on IFRS 17: insurance contracts, where we will review the results of life insurers and help us understand some key performance metrics, via a simple model.{EB22EB05-3DA0-4DA9-BC31-6A1FD2C87445}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/navigating-the-quantum-threatThe financial sector faces significant challenges from emerging quantum threats. This webinar recording will address current gaps and the urgent need for quantum-resilient solutions.{CF946278-CBD9-4601-9A85-73242A7E2474}https://www.icaew.com/technical/financial-services/2025/how-should-we-approach-regulatory-reform-in-financial-servicesEach week we continue to hear about a new proposal by government or regulators to review rules and standards and in some case introduce new ones with the objective of making the UK more competitive in its desire for economic growth. {8BC5623D-05B5-4847-A480-765B35F274D9}https://www.icaew.com/technical/financial-services/2025/resilience-of-bankingBarclays’ customers recently suffered the inconvenience that comes with digital banking, when the technology fails. And for which the bank will pay out £12.5m in compensation. {1D75DF8B-28AD-4ECB-BEE4-6E7902464FA3}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/ecl-models-under-stressIn this webinar join our expert-led discussion on refining ECL models to navigate uncertainty with confidence.{A3800CEC-62C9-466B-8395-340BCC663464}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/2025-app-scams-what-are-they-how-to-avoid-themWatch this webinar recording which is designed to appeal to a wide audience, including consumers, businesses, small accountancy practices, fraud advisors, and payment firms/banks.{BCE101E0-B27A-4DF3-8E73-33A01C911E34}https://www.icaew.com/technical/financial-services/2025/the-new-failure-to-prevent-fraud-offenceLuke Firmin - UK Head of Financial Crime and James Fox - Forensics Associate Director at Forvis Mazars, explore the UK government guidance and provide insights into the implications for organisations and auditors.{159E584F-16ED-431F-9EFD-B428F7757FA0}https://www.icaew.com/technical/financial-services/2025/issues-with-building-society-auditsThe BSA has called for the “vast majority of building societies to be removed from the scope of Public Interest Entities audits1” due to excessive audit costs. More may be needed.{141C450E-3969-45F0-8B73-5839858BD00C}https://www.icaew.com/technical/financial-services/2025/crypto-custody-shake-upThe Securities and Exchange Commission (SEC) has recently updated its guidance on the accounting treatment of crypto-assets held by entities for their platform users. This update involves the rescission of Staff Accounting Bulletin (SAB) No. 121 and the introduction of SAB No. 122. {665351C4-DBE9-408A-9F9C-3C2EC55187F9}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/banking-in-europe-2025In this webinar we will focus on major developments in the market and economy, as well as regulatory, auditing and accounting issues.{085574DC-03DB-4CEF-9DAE-40572CB56D12}https://www.icaew.com/technical/financial-services/2025/hmt-growth-strategyIn November last year, HM Treasury (HMT) launched a Call for Evidence on the Growth Strategy for Financial Services. Given that the financial services sector accounts for 10% of the UK’s economy, it is clear why the government sees this industry as a key driver of growth.{8FF43504-1179-47FD-8C0C-F274D77AF611}https://www.icaew.com/technical/financial-services/2025/the-fight-against-app-scamsWhat is an APP scam? Why do consumers need to be protected?{DC56BDA2-E9B7-48C4-92CC-21C7D116EF95}https://www.icaew.com/technical/financial-services/2025/icaews-response-to-the-fcas-safeguarding-consultationThe Institute of Chartered Accountants in England and Wales (ICAEW) recently provided their feedback to the Financial Conduct Authority (FCA) regarding proposed changes to the safeguarding regime for payments and e-money firms. The consultation, which concluded on December 17, 2024, aimed to gather insights and opinions on the potential impacts of these regulatory adjustments.{3EBD22EA-9FF6-40AB-A238-0327C29684DA}https://www.icaew.com/technical/financial-services/2025/sustainability-reporting-in-financial-services-a-progress-reportSustainability reporting is rapidly evolving as a critical component of corporate accountability and transparency, particularly in the financial services sector. {86922841-CA35-4887-9B82-4B00B821BB1D}https://www.icaew.com/technical/financial-services/2025/insights-from-fsb-reportThe Financial Stability Board (FSB) has released an important report titled Assessment of Climate-related Vulnerabilities: Analytical Framework and Toolkit,. {80243D7B-F53A-41C2-8D43-B1660996C766}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/stablecoins-in-europes-digital-asset-landscapeThis webinar will cover Title III and Title IV of the MiCA regulation, which outline the regulatory environment for stablecoins and stablecoin issuers in the EU. {F082A8E0-57CC-4D71-9FC0-9A7CB4BD0343}https://www.icaew.com/technical/financial-services/2024/accounting-for-dynamic-risk-managementIt 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. {6DEDF096-D01B-4865-AF28-AA05583FFCD8}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/cass-5-audits-2024This webinar from the Financial Services Faculty will provide helpful insights and hot topics specifically focused on CASS 5 insurance intermediary firms. {6983B62E-3920-4BAB-8725-EF1B45B1CC2C}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/2024-unpacking-the-consumer-dutyJoin industry experts and Joanna Legg, Head of Consumer Policy and Outcomes from the Financial Conduct Authority for an insightful webinar that dives into the post-implementation landscape of the FCA’s Consumer Duty.{B2412C8E-3F22-4A2D-AE9F-65241654B657}https://www.icaew.com/technical/financial-services/2024/top-10-ai-adoption-questions-for-businessesArtificial 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.{283856F8-B57B-47D7-A980-6DC340EEA346}https://www.icaew.com/technical/financial-services/2024/iasb-finds-that-ifrs-9s-impairment-requirements-are-working-wellAfter 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. {EC0BF375-48B7-4383-8A3E-ED9211D24E04}https://www.icaew.com/technical/financial-services/2024/solvent-exit-planning-for-uk-banks-and-insurersThe 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. {5D7DA526-57A6-4227-8E8D-1CB352B65BF1}https://www.icaew.com/technical/financial-services/2024/motor-finance-investigation-if-widespread-misconductIn January 2024 the FCA announced it will investigate whether there is historical evidence of widespread misconduct in relation to sales of motor finance.{662F9199-BED2-4FB2-89A4-A7D6A17FCBF4}https://www.icaew.com/technical/financial-services/2024/ifrs-18-financial-services-considerationsThe 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. {17D623E5-C2F0-4EC5-8723-F1DBD5245E36}https://www.icaew.com/technical/financial-services/2024/attesting-time-for-financial-servicesICAEW’s Financial Services Faculty highlights the potential implications of the new Corporate Governance Code attestation requirement on banks and insurers.{D5EF6844-72EF-46E3-BCAC-05FDB0BD98C6}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/2024-practical-tips-on-carbon-accountingDiscover how to account for carbon emissions in the financial sector. Gain a better understanding of what assurers look out for and the implications of the disclosures.{A0626DAA-5C13-40C6-9AD1-7BBC9D8BC8E2}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/ifrs-17The Financial Services Faculty delves into the intricacies of IFRS 17, explore its impact on the insurance industry, and unlock the strategies for seamless compliance.{D31BF3B0-F34F-424D-9362-397E0BE5039C}https://www.icaew.com/technical/financial-services/2024/ifrs-2-climate-related-disclosuresIFRS 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. {6A05F983-9CD0-4D9C-8C43-A24CCA1184EC}https://www.icaew.com/technical/financial-services/2024/climate-based-disclosure-guidance-under-ifrs-s2-for-insurersWith the release of IFRS S2 Climate-related disclosure in June of 2023, insurers who are considering a voluntary application of the standard in advance of any endorsement by local authorities are looking into what the new requirements mean for them. {ED36DB42-C96F-46A5-93F4-630B47CAB079}https://www.icaew.com/technical/financial-services/financial-services-faculty-webinars/2024-introduction-to-pcafAn overview of the Partnership for Carbon Accounting Financials (PCAF’s) Standard for measuring and disclosing on the GHG emissions associated with the financial activities of banks, (re)insurers, asset owners and managers.{77D5BC68-0909-4288-8AC1-48D3D240BEA2}https://www.icaew.com/technical/financial-services/2024/assurance-challenges-in-the-context-of-csrdPolly Tsang, Senior Financial Services Regulatory Manager, considers some of the challenges of assurance over CSRD.{EF91EF17-B252-408A-B723-0AA5F305E3C2}https://www.icaew.com/technical/financial-services/2024/fca-lessons-from-the-first-year-of-ifpr-implementationIn November 2023, the FCA issued a concluding report covering. We look at the key issues affecting our members.