COVID-19 and financial services
COVID-19 raises a range of financial services issues which firms and businesses will be managing through over the next weeks and months.
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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Banking
Regions face unemployment tsunami
David Smith, Economics Editor of The Sunday Times, writes for the ICAEW Financial Services Faculty on why the unemployment shock following COVID-19 will not be felt equally across the UK
Bank of England – supporting the UK economy
The Bank of England’s role is to maintain UK monetary and financial stability by keeping inflation sustainably low and ensuring that the financial system can serve the people of the UK in bad times as well as good. Lai Wah Co, Deputy Agent for Greater London, highlights how the Bank is achieving these aims through the COVID-19 crisis.
COVID-19 loan schemes inject £22bn but questions remain
21 May 2020: The headline figure of more than £20bn in loans approved through the government’s coronavirus support schemes is striking, but a lack of granular data makes it hard to assess the effectiveness of each measure.
Coronavirus and government debt
Sunday Times economics editor David Smith considers the debt the coronavirus response is creating
Insurance
IASB issues IFRS 17 amendments
3 July 2020: The amended IFRS 17 standard is now effective for annual periods beginning on or after 1 January 2023 with earlier application permitted, writes ICAEW’s Zsuzsanna Schiff.
Financial Services Faculty events and webinars
Stay up-to-date with the fast moving world of financial services by attending our events and webinars.
Regions face unemployment tsunami
David Smith, Economics Editor of The Sunday Times, writes for the ICAEW Financial Services Faculty on why the unemployment shock following COVID-19 will not be felt equally across the UK
What might the government’s future tax policy look like?
In planning for the future, businesses and individuals are trying to forecast the government’s future tax policy.
Investment management
The market vs economy dichotomy during COVID-19
6 July 2020: While the economy continues to stall in the wake of the pandemic, this may be the right time to make canny personal wealth management investment decisions
Financial Services Faculty events and webinars
Stay up-to-date with the fast moving world of financial services by attending our events and webinars.
Regions face unemployment tsunami
David Smith, Economics Editor of The Sunday Times, writes for the ICAEW Financial Services Faculty on why the unemployment shock following COVID-19 will not be felt equally across the UK
ESG investing – a priority when building back better?
26 June 2020: Investment owners have shown increasing concern for the social responsibility of their investments but is this a priority in a crisis? Siobhan Stewart, ESG Consultant at Sillion, comments.
LIBOR - what you need to know
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.
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.
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