What are the lessons learned from SVB’s collapse?
Reuben Wales, ICAEW’s Head of Financial Services, explains how recent interest rate rises played their role in Silicon Valley Bank’s demise.
Banking
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Banking Focus
What does accounting have to do with a banking crisis?
The collapse of Silicon Valley Bank has raised questions about financial reporting across the banking sector, and in particular the amortisation of cost approach to accounting for long dated bonds.
Why green assets and bank capital don’t always mix
ICAEW’s Simon Gibbs explores whether regulatory capital requirements should be used to promote green assets as we move towards a low-carbon economy.
Credit Suisse: unpacking the fallout
In what has been a turbulent time in the banking world, the collapse and subsequent buyout of Credit Suisse is likely to have far-reaching ramifications.
Bank capital and climate related risks
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.
Accounting and Financial Reporting
FRS 102 Financial Instruments - Hedge Accounting
This factsheet outlines the key requirements of FRS 102 in respect of hedge accounting and includes practical examples on their application.
Banks could be caught up in IFRS 17 unexpectedly
Brendan van der Hoek, explores the impact of the new insurance standard, IFRS 17, for banks who are not insurers
ICAEW Annual Report 2021
View the full annual report and financial statements for 2021.
IFRS 9 Financial instruments using models in impairment calculations avoiding the blac
View the accompanying slides to IFRS 9 Financial instruments using models in impairment calculations webinar, recorded on 29 October 2018.
Regulation
Bank capital and climate related risks
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.
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.
How is inflation affecting banking?
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.
Corporate governance
Company culture: setting the right tone
Meet four experienced board members who all understand the power of a strong culture for any organisation to achieve its long-term goals.
Using audit technology to address fraud
In anticipation of long-awaited government proposals to reform audit and corporate governance, auditors are adopting new technologies to help detect and prevent fraud.
8 ways the 5th Anti Money Laundering Directive will affect financial services firms
The European Commission are now applying more focus on anti-money laundering risks and have said that they may open infringement proceedings against countries lagging behind on the new anti-money-laundering rules.
Counting on ethics when it comes to data management
Paula Smith examines how a strong ethical approach can help financial services firms cope with the changing world of data management
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