ICAEW.com works better with JavaScript enabled.

Banking Focus

Here you will find articles produced for the Banking sector of the Financial Services Faculty.

Displaying 1-50 of 97 results
The best funding options for scale-ups
  • Article
  • 23 Jul 2025
  • ICAEW Insights
How to grow: the funding routes available to growing businesses and the roles those options play in the scale-up journey.
Lessons for CFOs from a construction industry demise
  • Article
  • 17 Jun 2025
  • ICAEW Insights
ICAEW member Pete Duff, the former CFO of construction company Osborne, which collapsed in April last year, reflects on the lessons from its demise and what others in the sector can learn from the experience.
Exclusive How should we approach regulatory reform in financial services?
  • Article
  • 29 May 2025
  • Reuben Wales: Head of ICAEW Financial Services Faculty
Each 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.
Exclusive Resilience of banking technology: the bad, the good and the future
  • Article
  • 28 May 2025
  • Simon Gibbs
Barclays’ 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.
Debt finance education key to boosting SME uptake
  • Article
  • 20 May 2025
  • ICAEW Insights
ICAEW’s response to the government’s call for evidence on small business access to finance also highlights concerns about cost, time and red tape as stalling uptake of debt finance.
How to raise finance to scale up your business
  • Article
  • 25 Apr 2025
  • ICAEW Insights
From start-up to scale-up: understanding the expectations of lenders and funders and getting your financial ducks in a row will oil the cogs for raising finance.
Proposed public sector accounting standards ‘could encourage greenwashing’
  • Article
  • 25 Mar 2025
  • ICAEW Insights
The narrow definition of climate-related public policy programmes in the International Public Sector Accounting Standards Board’s latest exposure draft could increase the risk of greenwashing, warns CIPFA and ICAEW.
Public sector finances disappoint ahead of Spring Statement
  • Article
  • 24 Mar 2025
  • ICAEW Insights
The shortfall between receipts and public spending reached £132bn in the 11 months to February – and is potentially on track to hit £150bn by the end of the financial year.
Hundreds of local government bodies receive disclaimed audit opinions
  • Article
  • 17 Mar 2025
  • ICAEW Insights
The impact of the latest backstop date has become clear as auditors were unable to provide substantive assurance on more than 200 accounts of local government bodies for the 2023-24 financial year.
Exclusive The new 'Failure to Prevent Fraud' offence: A compliance and accounting perspective
  • Article
  • 14 Mar 2025
  • Luke Firmin and James Fox, Forvis Mazars - Corporate Members of the Financial Services Faculty
Luke 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.
Exclusive Issues with Building Society audits
  • Article
  • 13 Mar 2025
  • Simon Gibbs
The 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.
ICAEW calls for infrastructure acceleration to boost growth
  • Article
  • 11 Mar 2025
  • ICAEW Insights
In its submission to the Spending Review 2025, ICAEW welcomes reforms to how public spending is managed, but says the government needs to go further and faster to deliver savings and maximise growth.
Chart of the week: ECB balance sheet
  • Article
  • 07 Mar 2025
  • ICAEW Insights
Our chart this week takes a look at the balance sheet of the European Central Bank, the central bank for the Eurozone.
Exclusive Crypto custody shake-up: How SEC & FASB are rewriting the rulebook for US banks
  • Article
  • 04 Mar 2025
  • ICAEW Financial Services Faculty
The 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.
Chart of the week: Gold
  • Article
  • 28 Feb 2025
  • ICAEW Insights
With President Trump planning to visit Fort Knox to check up on the US government’s gold reserves, our chart this week looks at just how much gold is owned by governments around the world.
The evolving landscape of fraud protection and payments
  • Article
  • 20 Feb 2025
  • ICAEW Insights
New developments to combat fraud across the financial services industry are likely to be good news for consumers, but the impact on business and banks could be significant. ICAEW’s Andrew Boardman explains.
Chart of the week: the end of year capital rush
  • Article
  • 07 Feb 2025
  • ICAEW Insights
Our chart this week highlights the big rush in UK public sector capital expenditure in the final quarter of each financial year, prompting us to ask why March is the best time of the year to build new assets.
Exclusive HMT Growth Strategy: Our response to the call for evidence
  • Article
  • 23 Jan 2025
  • ICAEW Financial Services Faculty
In 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.
Exclusive The fight against APP scams: How new measures protect consumers
  • Article
  • 23 Jan 2025
  • ICAEW Financial Services Faculty
What is an APP scam? Why do consumers need to be protected?
Exclusive ICAEW’s response to the FCA’s Safeguarding Consultation
  • Article
  • 21 Jan 2025
  • ICAEW Financial Services Faculty
The 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.
Exclusive Sustainability Reporting in Financial Services: A Progress Report
  • Article
  • 17 Jan 2025
  • ICAEW Financial Services Faculty
Sustainability reporting is rapidly evolving as a critical component of corporate accountability and transparency, particularly in the financial services sector.
Exclusive Insights from FSB report on climate related vulnerabilities
  • Article
  • 17 Jan 2025
  • ICAEW Financial Services Faculty
The Financial Stability Board (FSB) has released an important report titled Assessment of Climate-related Vulnerabilities: Analytical Framework and Toolkit,.
Banks: step up for charities, CAF Bank chief urges
  • Article
  • 28 Nov 2024
  • ICAEW Insights
From difficulties opening accounts to having them closed unexpectedly, the charity sector’s experience of banking continues to fall short. CAF Bank CEO and ICAEW member Alison Taylor explains why there’s more than reputation at stake.
Exclusive Accounting for Dynamic Risk Management: challenges for insurers
  • Article
  • 07 Nov 2024
  • ICAEW Financial Services Faculty
It 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.
Payment scams, data hacks and Cyber Security Awareness Month
  • Article
  • 31 Oct 2024
  • ICAEW Insights
Cyber round-up: the continuing payment scams and personal data attacks on individuals, key takeaways from ICAEW’s Cyber Security Awareness Month campaign, and how to safeguard your data and business from harm.
Corporate ‘cuckooing’ highlights flaws in Companies House reform
  • Article
  • 14 Oct 2024
  • ICAEW Insights
Recent business shutdowns have shown how fraudsters can impersonate directors and brands – but experts say that planned Companies House reforms won’t solve the problem.
How to access free business banking dispute resolution support
  • Article
  • 14 Oct 2024
  • ICAEW Insights
Accountancy firms play a unique role in supporting and advising SME clients about resolving banking issues – and some accountancy businesses may have banking issues of their own. Fortunately, help is at hand.
The FCA’s Safeguarding consultation explained
  • Article
  • 27 Sep 2024
  • ICAEW Insights
The FCA has this week released its long-awaited consultation on Safeguarding. ICAEW’s Polly Tsang walks through some of the key proposals contained within it.
Disproportionate regulatory burden felt by smaller charities
  • Article
  • 24 Sep 2024
  • ICAEW Insights
ICAEW members in the charity sector bemoan the disproportionate impact of regulation on smaller charities, as they face tight funding and soaring demand for their services. We look at major areas of concern.
Going concern lessons from Silicon Valley Bank
  • Article
  • 17 Sep 2024
  • ICAEW Insights
Reuben Wales examines some of the key tenets of proposed guidance on accounting and reporting on going concern through the lens of the Silicon Valley Bank collapse.
Exclusive Top 10 AI adoption questions for businesses and ICAEW members
  • Article
  • 29 Aug 2024
  • ICAEW Financial Services Faculty
Artificial 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.
Exclusive IASB finds that IFRS 9’s impairment requirements are working well
  • Article
  • 23 Aug 2024
  • ICAEW Financial Services Faculty
After 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.
National Wealth Fund to unlock green and growth investment
  • Article
  • 17 Jul 2024
  • ICAEW Insights
Fund will bring together UK Infrastructure Bank and the British Business Bank to unlock billions of pounds of investment in the UK’s green and growth industries, government says.
Exclusive Solvent exit planning for UK banks and insurers
  • Article
  • 15 Jul 2024
  • Michelle Adcock, Prudential Banking Sector Lead & Alisa Dolgova, Prudential Insurance Sector Lead, for KPMG
The 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.
British Business Bank launches Recovery Loan Scheme successor
  • Article
  • 12 Jul 2024
  • ICAEW Insights
Running until 31 March 2026, the new Growth Guarantee Scheme aims to support small businesses by offering loans of up to £2m, with 70% government-backed guarantees.
Exclusive Motor Finance: investigation if widespread misconduct
  • Article
  • 05 Jul 2024
  • ICAEW Financial Services Faculty
In January 2024 the FCA announced it will investigate whether there is historical evidence of widespread misconduct in relation to sales of motor finance.
Exclusive IFRS 18: Financial services considerations
  • Article
  • 01 Jul 2024
  • ICAEW Financial Services Faculty
The 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.
Exclusive Attesting time for financial services
  • Article
  • 01 Jul 2024
  • ICAEW Financial Services Faculty
ICAEW’s Financial Services Faculty highlights the potential implications of the new Corporate Governance Code attestation requirement on banks and insurers.
How accountants can help the ‘great unadvised’
  • Article
  • 18 Jun 2024
  • ICAEW Insights
A surge of user-generated online budgeting tools has highlighted the problem of financial advice exclusion. But accountants have the power to close the gap.
Exclusive IFRS S2 Climate-related Disclosures: commercial banking and mortgage finance sector guidance
  • Article
  • 17 May 2024
  • ICAEW Financial Services Faculty
IFRS 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.
Charity banking obstacles reach crisis point
  • Article
  • 22 Apr 2024
  • ICAEW Insights
Difficulty opening accounts, accounts being frozen or closed without warning, inadequate customer service, high charges and lengthy delays in implementing new mandates among list of complaints.
‘Boring’ policies will address economic challenges
  • Article
  • 19 Apr 2024
  • ICAEW Insights
New policy solutions to problems facing the UK economy will be prosaic but important, Conservative Party Forum Chair John Penrose MP told a round table this week.
How to overcome the digital euro challenge
  • Article
  • 15 Apr 2024
  • ICAEW Insights
As the digital revolution continues apace, plans for a digital euro offer significant benefits for society. Meglena Grueva looks at the journey from theory to practice.
Exclusive Assurance challenges in the context of CSRD
  • Article
  • 20 Mar 2024
  • Polly Tsang
Polly Tsang, Senior Financial Services Regulatory Manager, considers some of the challenges of assurance over CSRD.
Exclusive FCA Lessons from the first year of IFPR Implementation
  • Article
  • 14 Mar 2024
  • ICAEW Financial Services Faculty
In November 2023, the FCA issued a concluding report covering. We look at the key issues affecting our members.
Exclusive 2024 prudential banking supervisory priorities
  • Article
  • 23 Feb 2024
  • ICAEW Financial Services Faculty
The PRA has published letters setting out its 2024 supervisory priorities for UK deposit takers and international banks.
Baker Tilly investment puts partnership model under spotlight
  • Article
  • 20 Feb 2024
  • ICAEW Insights
The private equity investment will reshape Baker Tilly US into two separate organisations – but this latest foray by PE into the accountancy market doesn’t yet mark the end of the partnership model.
ICAEW manifesto: shadow minister discusses SME investment
  • Article
  • 20 Feb 2024
  • ICAEW Insights
ICAEW has been presenting its manifesto for a more resilient and economically healthy UK to ministers of all parties in the run-up to its official launch, including Shadow Small Business Minister Rushanara Ali.
Consultation on loss relief changes for building societies
  • Article
  • 09 Feb 2024
  • ICAEW
The government is consulting on draft secondary legislation that applies to transfers of business by building societies.
How charities can face complex regulatory challenges
  • Article
  • 07 Feb 2024
  • ICAEW Insights
ICAEW’s Charity Committee Chair calls for more balanced and proportionate regulation as charities brace for a demanding year ahead.
Displaying 1-50 of 97 results