Climate risk in financial services
Financial institutions must embed climate risks in line with investor, public and regulatory expectations.
Banking
Practical guidance, commentary and support on the banking sector for financial services professionals.
Featured items
In this section
ESG: the risks and opportunities
During September and October, our event series will enable better understanding of environmental, social and governance (ESG) risk.
Banking Focus
SME funding and levelling up
In this two part series Dominic Lindley looks at what interventions can be made to ensure SME funding doesn’t present a barrier to growth and levelling up. This is part one. Part two will appear in the November Banking Focus bulletin.
Are economic difficulties due to bad luck or bad judgment
Writing for the Financial Services Faculty, David Smith, Economics Editor of the Sunday Times explores this question and considers it could be neither, but a consequence of the other.
Outsourcing investment: hit or miss?
Does investment outsourcing add real value for pension schemes and their members? Award winning journalist Stephanie Hawthorne weighs up the pros and cons
Lessons from the climate change debate for financial services
Scientists from the London School of Health and Tropical Medicine joined members of the Financial Services Faculty to present information for modelling about climate change scenarios, writes Brian Cantwell.
Can pensions really be the foundations of building back after the pandemic?
Laura Miller looks at whether the idea to use pension fund cash to fund infrastructure investments, as suggested by the government, would work.
IFRS 9: the dog that barked too much?
When IAS 39 was replaced by IFRS 9 on 1 January 2018, it was perhaps little lamented, writes Steven Hall, Partner, Financial Services Risk Consulting, KPMG and Nicholas Mead, Director, KPMG. In a financial crisis that had manifold causes, some laid at least part of the blame for the 2008 meltdown on the ‘incurred loss’ provision model in IAS39 – inadequate, too little too late, or simply the dog that didn’t bark.
The FCA Business Plan decoded
Gavin Stewart, Director in Grant Thornton’s Financial Services Group, who spent 27 years as a regulator at the Bank of England, Financial Services Authority and Financial Conduct Authority, analyses the FCA’s Business Plan. He has written this article in a personal capacity.
Will acting on climate change push up inflation – or would not acting be worse?
Sunday Times Economics Editor David Smith writes an exclusive column for ICAEW’s Financial Services faculty every month. This month he covers how climate change could affect inflation.
IFRS 9
IFRS 9: the dog that barked too much?
When IAS 39 was replaced by IFRS 9 on 1 January 2018, it was perhaps little lamented, writes Steven Hall, Partner, Financial Services Risk Consulting, KPMG and Nicholas Mead, Director, KPMG. In a financial crisis that had manifold causes, some laid at least part of the blame for the 2008 meltdown on the ‘incurred loss’ provision model in IAS39 – inadequate, too little too late, or simply the dog that didn’t bark.
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.
COVID-19 and Stress Testing for Banks and Building Societies
View the accompanying slides to COVID-19 and Stress Testing for Banks and Building Societies webinar, recorded on 30 April 2020.
10 accounting and disclosures questions finance should be asking about LIBOR transition
ICAEW's Financial Services Faculty highlights 10 questions to inform the critical areas of accounting and financial disclosure that are being impacted by LIBOR transition.
Unlocking the secrets of IFRS 9
Grant Thornton Head of Risk and Finance Assurance, Retail Banking Shuvo Banerjee looks at how the new accounting standard has impacted bank risk models.
COVID-19 and IFRS 9 expected credit losses for banks
The subjective nature of IFRS 9 Financial Instruments means banks are facing difficult decisions when it comes to applying the standard in a world grappling with the health and economic impacts of coronavirus.
Staying afloat during IBOR reform
Mark Spencer, Financial Services’ Accounting Advisory team lead at BDO, sets sail on the amendments issued by the International Accounting Standards Board (IASB) and Financial Reporting Council (FRC).
10 things in Financial Stability Report
The Bank of England's Financial Stability Report December 2019 flagged changes to the UK bank capital framework, interesting stress test results and other changes to look out for in 2020. Investors and analysts are looking at these areas to understand banks' maximum distributable amount (MDA)
Regulation
PRA targets post-pandemic recovery strategy
The Prudential Regulation Authority is continuing work on managing changes to legislation after the EU exit, writes Brian Cantwell.
CBES: What the Bank of England projects on climate change
Zsuzsanna Schiff reports on the different scenarios used to plan the central bank’s climate change policies.
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.
Libor transition - what you need to know
What is LIBOR and what you need to know
Find out what is IBOR reform, why LIBOR will be phased out and why it matters as well as the plan for the UK, challenges and risks.
The transition away from Sterling LIBOR
A simple introductory guide for businesses to the global transition away from (Sterling £) LIBOR provided by ACT, CBI, ICAEW and UK Finance.
IBOR reform for UK businesses – preparing yourself
How to prepare your business for the changes to IBOR, specifically when LIBOR will cease to exist in 2021.
Corporate governance
Archegos and Credit Suisse risk management lessons
Laura Miller considers the risk management lessons from the leveraged loans to collapsed private family office Archegos.
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.
TSB IT fiasco a corporate governance failure
Laura Miller discovers the corporate governance failings that led to the TSB IT crash, which left customers locked out of online accounts and drew regulatory attention.
Overboard and overloaded in financial services: checklists for NEDs in banking, insurance and investment management
Non-executive directors need to manage their roles so they have the right amount of time for all the companies they serve, and time to develop themselves professionally.
Pre-recorded webinars
ESG risks webinar series highlights the opportunities and challenges
Brought to you by ICAEW Financial Services Faculty, this is a series of events and resources to help appreciate the challenges and opportunities of better understanding environmental, social and governance (ESG) risk through provision of better information.
LIBOR Transition The Regulators' View
The FCA and Bank of England, in conjunction with ICAEW Financial Services Faculty, give their perspective on LIBOR Transition.
LIBOR Transition: The Regulators' View
Watch and listen to the recording of this webinar. FCA and Bank of England, in conjunction with ICAEW Financial Services, give their perspective on LIBOR Transition.
Helpsheets
COVID-19 challenges for business: Bounce Back Loan Scheme (BBLS) repayments
Helpsheet for small businesses starting their Bounce Back Loan Scheme (BBLS) repayments.
Reliability of regulatory returns how ICAEWs guidance can help
ICAEW’s Financial Services Faculty has guidance which can help banks and advisors respond to the issues raised in the recent Dear CEO letter from the Prudential Regulation Authority.
IFRS 9 - Briefing note for non-technical audience
Briefing paper from the Financial Services Faculty for a non-technical audience.
IFRS 9 - Briefing paper for analysts and other market participants
Briefing paper from the Financial Services Faculty.
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 Banking membership
Banking is fast moving and ever changing. Our unique perspective and ability to convene with stakeholders right across the financial services landscape, means we can provide you with industry insights, expert opinion, analysis and independent resources to put you ahead of the curve.