CPD is changing
On 1 November 2023, revised continuing professional development (CPD) Regulations were introduced. Find out why ICAEW is changing its CPD requirements, who is affected and what is changing.
Insurance
Practical guidance, commentary and support on the insurance sector for financial services professionals.
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Insurance Focus
FCA proposals to support diversity and inclusion
Concerns that financial services organisations are paying lip service to DE&I has prompted proposals that strengthen the regulator’s expectations around non-financial misconduct.
Data sharing as a policy intervention
The recent and spectacular advances made in generative artificial intelligence have been possible because of shared data.
Challenges with accounting for insurance-associated emissions
Similar to other areas within financial services, the insurance industry has a key role to play in enabling the transition to a net-zero economy.
Exploring Critical Questions in CSRD Assurance for Professional Service Firms
Polly Tsang, Financial Services Manager explores some of the issues Professional Services Firms need to be thinking about now with the introduction of the Corporate Sustainability Directive (CSRD) in 2025.
IFRS 9 Financial Instruments and procyclicality
Earlier this year the IASB launched a call for evidence as part of its post implementation review of the impairment requirements in IFRS 9 Financial Instruments. Some respondents to the call for evidence pointed out that the impairment model in IFRS 9 is procyclical, a point also discussed by the ECB in a working paper published in June 2023.
Challenges with accounting for financed emissions
In recent years, the issue of "financed emissions" has become a crucial aspect of the climate change discussion, highlighting the significant role that financial institutions play in contributing to greenhouse gas emissions.
ESG for SMEs: Make energy saving in your business
ICAEW is supporting the Department of Energy Security and Net Zero in its campaign promoting energy efficiency. We take a look at what businesses can do to drive down energy bills and boost savings.
ESG for SMEs: optimism amid challenging trading conditions
More than two-fifths of SMEs say that current economic conditions are worse than they were during the pandemic – but amid the gloom, Bibby poll reveals signs of resilience and confidence.
Regulation
Regulatory Update September 2023
The following is a list of some regulatory publications or announcements from September 2023 affecting UK financial services.
CASS 5 audits – insights and hot topics
The Financial Services Faculty will provide helpful insights and hot topics specifically focused on CASS 5 insurance intermediary firms.
ICAEW REP 085-23 CP response - CP 12 23 Review of Solvency II: Adapting to the UK Insurance Market
A representation dated 1 September 2023 to a consultation published by the Prudential Regulation Authority on 29 June 2023.
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