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.
Practical guidance, commentary and support on the insurance sector for financial services professionals.
Fintech startups have become more and more established within the financial services industry in recent years. But a new wave of innovation is still around the corner, writes Daniel Lanyon.
For some sectors of the economy, it never rains but it pours. Commercial property is dealing with a range of challenges, none of which it could have anticipated even relatively recently.
The government has set out its final reforms to the Solvency II regulatory regime, striking a balance between relaxing requirements and giving the PRA additional powers.
Investment managers face difficult decisions given present inflationary headwinds, with certain types of investments faring better than others. With inflation at a 40-year high, what strategies are being deployed by fund managers to negate its impact?
Interest rates had gone up sharply, and households and businesses were feeling the pain. Inflation was in double figures, partly under the impact of soaring energy prices, and the government was under pressure. In response, the chancellor announced a change that sent shudders through the banking sector.
Regulations laid before the House of Commons on 10 November 2022 mitigate the tax consequences of adopting IFRS 17 by spreading certain amounts that would otherwise be subject to corporation tax immediately on adoption over 10 years.
On September 23rd, Kwasi Kwarteng, who had been appointed as Chancellor of the Exchequer just 17 days earlier, held what he called a ‘fiscal event’…and quite the event it turned out to be.
We have been through the most extraordinary period of political, economic and market instability, including the replacement of a chancellor, Kwasi Kwarteng, after less than 40 days in office.
IFRS 17 Insurance Contracts for non-insurers
A representation dated 24 February 2023 to a consultation published by HM Treasury on 5 January 2023.
This guide helps non-insurers determine whether, and to what extent, they may be affected by the standard.
This factsheet is designed to assist those adopting, or considering adopting, IFRS Accounting Standards (IFRS) for the first time. It considers the implications of moving to IFRS and provides practical tips on how to manage the process.
On September 23rd, Kwasi Kwarteng, who had been appointed as Chancellor of the Exchequer just 17 days earlier, held what he called a ‘fiscal event’…and quite the event it turned out to be.
Dramatic reforms to financial services regulation are a cornerstone of the government’s strategy to meet its 2.5% growth target.
Details on investment asset risk and allocation are crucial to delivering on general political promises, writes Adam Leach.
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.
A simple introductory guide for businesses to the global transition away from (Sterling £) LIBOR provided by ACT, CBI, ICAEW and UK Finance.
The end of LIBOR will mean some big changes for businesses. The end date of December 2021 may seem a long way off, but companies need to start preparing now.
Technical helpsheet issued to help ICAEW members when considering whether companies or groups are small, and whether audit exemptions are available, when faced with more complex scenarios.
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.
Paula Smith examines how a strong ethical approach can help financial services firms cope with the changing world of data management
Following the publication of the Financial Services Faculty’s Information Overload Report earlier this year Hitesh Patel non-executive director at Aviva and chair of the ICAEW Insurance Committee and Zsuzsanna Schiff discuss how board packs can and should be improved
Our roundup of regulatory news.
In this webinar we will cover three challenges for committees, and practical suggestions for how to work more effectively and efficiently.
Technical helpsheet issued to help ICAEW members understand when a company requires an audit under the Companies Act 2006 and potential routes to audit exemption.
This helpsheet has been issued by ICAEW’s Technical Advisory Service to help members understand when a company or a group is ineligible for the small companies regime. The helpsheet identifies the legislative requirements of the Companies Act 2006, highlights key definitions and offers practical examples to help understand the interpretation of the requirements.
This webinar will provide guidance to non-insurers wanting to assess to what extent they might be affected by the standard.
Despite not being an insurer, entities may have contracts that fall in scope of IFRS 17 Insurance Contracts. Find out if you’re affected with this webinar.
This is an insightful, relevant and practical webinar on the current state of the cyber and professional indemnity insurance markets, the risks you need to be aware of as an accountant.
Following the publication of the Financial Services Faculty’s Information Overload Report earlier this year Hitesh Patel non-executive director at Aviva and chair of the ICAEW Insurance Committee and Zsuzsanna Schiff discuss how board packs can and should be improved
This guide offers practical examples and checklists for those working in or with the insurance industry to avoid information overload.
Information for CASS auditors when determining procedures over outsourcing arrangements and how they apply to the CASS rules.
The Senior Managers and Certification Regime is a new regulatory framework which aims to improve individual accountability.
Alternative reference rates and transition from LIBOR.
Insurance is complex and constantly evolving. 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.