Climate risk in financial services
Financial institutions must embed climate risks in line with investor, public and regulatory expectations.
Financial Services
Gain sector-specific technical support and expert opinions to keep you up to date in a fast-changing environment.
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ESG: the risks and opportunities
During September 2021 and October 2021, our event series enabled a better understanding of environmental, social and governance (ESG) risk.
Banking
Retail credit risk and provisioning in late 2022
We are living in a world of unprecedented change. By the time the ink dries on any new article, events have quickly moved on: economic statistics are out of date – typically they have worsened - and the effects of the recent flip-flopping in UK Government fiscal policy have spooked the markets and some might argue have escalated a recession.
Advising on Net Zero will be key to accessing finance
Julia Groves, Director of Sustainability at the British Business Bank spoke to us on how net zero would be key to accessing finance in the future.
Charities and banking – some lessons we can learn
Top tips and common pitfalls.
Quarterly update on regulatory publications
Amid the rapid twists and turns in UK political life and the UK economy . The following is a list of some regulatory publications or announcements affecting financial services in the last quarter.
Insurance
Government outlines final reforms to Solvency II regime
The government has set out its final reforms to the Solvency II regulatory regime, striking a balance between relaxing requirements and giving the PRA additional powers.
Inflation negation
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?
Banks dodged a windfall tax bullet, but the government’s still desperate for revenue
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.
IFRS 17: Tax transitional rules for long term insurance businesses
Regulations laid before the House of Commons on 10 November 2022 mitigate the tax consequences of adopting IFRS 17 by spreading certain amounts that would otherwise be subject to corporation tax immediately on adoption over 10 years.
Investment management
Inflation negation
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?
New ‘gold standard’ for climate transition plans
HM Treasury’s UK Transition Plan Taskforce launches its Disclosure Framework and Guidance for the private sector at COP27 in Egypt.
The new way of thinking
Six years ago, Salonica was set up as a boutique corporate finance adviser. As it closes its first investment fund, it has become a small investment firm with a key differentiator – its focus on diversity and sustainability. Marc Mullen speaks to founder Omar Majid.
3i
3i is a leading international investment company focusing on private equity and infrastructure across northern Europe and North America.
Webinars and virtual events
Did you know you get specialised webinars as part of your ICAEW Financial Services membership? With topics ranging from IFRS17, Climate Change, and opportunities to hear direct from UK regulators such as the FRC, FCA or the Bank of England.
Upcoming features
| Date and time | Webinar title | Accessibility and cost | Booking |
|---|---|---|---|
| 17 January 2023 | CASS Audits 2023 . | All members FOC | Register |
See the full list of available events and webinars.
On-demand webinars and recordings
| Date and time of event | Webinar title | Access your learning |
|---|---|---|
| 06 October 2022 | Safeguarding A high-level run through of all you need to know regarding the Safeguarding rules and key lessons learnt from Safeguarding audits. |
Access available recording |
| 06 July 2022 |
Beyond Bitcoin: Cryptoassets and associated tax challenges in 2022 |
Access available recording |
| 18 January 2022 | CASS Audits 2022 (membership only) Exclusive to ICAEW Financial Services members, this webinar gives a high-level run through of all you need to know regarding the CASS rules. Perfect for those planning for their CASS audit as well as practitioners preparing for their clients. |
Access available recording |
| Multiple during September 2021 and October 2021 |
ESG Risk Series |
Access available recordings |
| 26 May 2021 | LIBOR Transition: The Regulators' View This webinar is a fantastic opportunity to hear direct from the FCA and the Bank of England, on their perspective of LIBOR. Ideally suited to SMEs, but for all those involved in LIBOR |
Watch and listen here |
| 01 March 2021 |
CASS Audits 2021 (membership only) |
Watch here |
| 11 February 2021 |
COVID-19: A scientific perspective - looking to the future Brought to you by the ICAEW Financial Services Faculty, this webinar provides a conversation with Professor Peter Piot of the London School of Hygiene & Tropical Medicine, Special Advisor on COVID-19 Research & Innovation. |
Watch here |
LIBOR Transition: are you ready?
The use of LIBOR as a reference rate in loan agreements or derivatives will no longer be allowed from 2021. We outline the things all businesses need to do now to prepare for the end of LIBOR. Find out what you need to know.
Inspiring confidence
ICAEW's Inspiring Confidence campaign explores the issues affecting consumers and financial services providers in a rapidly changing world.
Banks, insurers and investment managers play vitally important roles within society, to encourage economic development and allow individuals and businesses to save, invest, insure and make payments. We must have confidence in them. Responsible providers, responsible consumers, better regulation and better information underpin this confidence.
Join Financial Services Faculty
Quality and integrity. Gain sector-specific (in either Banking, Insurance or Investment Management) technical support and expert opinions to keep you up to date in a fast-changing environment.