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 2021 and October 2021, our event series enabled a better understanding of environmental, social and governance (ESG) risk.
Banking Focus
FCA’s Consumer Duty: proposals take shape but are still a work in progress
An analysis of ICAEW’s response to the proposals.
How best to regulate the bank cloud boom?
The adoption of the cloud by banks is hard to regulate given the rapidly growing supply of services by third parties. But financial regulators are increasingly turning their sights on the megatrend.
Geopolitics: why the financial services sector needs to consider "the extra G"
Derek Leatherdale sets out why it is more important than ever for banks, insurers and investment managers to consider geopolitics in risk management.
However you measure, it inflation is a problem
Writing for ICAEW Financial Services Faculty, Sunday Times Economics Editor David Smith considers the debates around inflation.
Regulating the unregulated: How the FCA plans to clamp down on cryptocurrency advertising
The FCA has found a way to control how cryptocurrencies reach consumers.
Fresh-air financing at Arena Television raises uncomfortable questions
Alejandro Gonzalez, editor of asset finance industry title Leasing Life, considers the issues raised by the Arena Television collapse.
Could supply chain issues cause problems for car finance funders?
The pandemic has caused plenty of problems for all manner of trade, especially the car market. But could problems with manufacturers spread into their finance operations? Chris Lemmon writes.
Is competitiveness key to the City’s future?
Laura Miller considers the trade offs in ensuring the City of London maintains a competitive edge.
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.
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).
IFRS 9 Financial Instruments - hedge accounting
This factsheet outlines the hedge accounting requirements of IFRS 9 Financial Instruments, comparing them with those of IAS 39. It also contains practical tips to help with implementation.
PL BPB J18 Student Mark Plan for Web
Banking June 18 Student Mark Plan
Regulation
How best to regulate the bank cloud boom?
The adoption of the cloud by banks is hard to regulate given the rapidly growing supply of services by third parties. But financial regulators are increasingly turning their sights on the megatrend.
SME funding and levelling up Part 2
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 two.
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.
Transitioning from LIBOR
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.
Corporate governance
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.
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
Technical update September 2019
The Audit and Assurance Faculty's roundup of new and updated legal and regulatory changes and guidance.
Pre-recorded webinars
ESG risk: a webinar series
A webinar series exploring the challenges of understanding ESG risk, as well as what can be gained by doing so.
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.
Today's audit applications created through Open Banking and its future outlook
In this webinar speakers David Heath (CEO, Circit) and David Beardmore (Head of Ecosystem, Open Banking) provide an introduction to audit and Circit, discuss the regulation and future of Open Banking, and provide use cases.
Helpsheets
COVID-19 challenges for business: Bounce Back Loan Scheme (BBLS) repayments
Helpsheet for small businesses starting their Bounce Back Loan Scheme (BBLS) repayments.
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.