Climate risk in financial services
Financial institutions must embed climate risks in line with investor, public and regulatory expectations.
Practical guidance, commentary and support on the insurance sector for financial services professionals.
During September 2021 and October 2021, our event series enabled a better understanding of environmental, social and governance (ESG) risk.
An analysis of ICAEW’s response to the proposals.
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.
Derek Leatherdale sets out why it is more important than ever for banks, insurers and investment managers to consider geopolitics in risk management.
Writing for ICAEW Financial Services Faculty, Sunday Times Economics Editor David Smith considers the debates around inflation.
The FCA has found a way to control how cryptocurrencies reach consumers.
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.
ICAEW’s Zsuzsanna Schiff looks at the results of the Centre for the Study of Financial Innovation (CSFI) and PwC’s 2021 Insurance Banana Skins.
Laura Miller considers the trade offs in ensuring the City of London maintains a competitive edge.
IFRS 17 is the first major accounting standard that needs to be endorsed by the UK Endorsement Board following Brexit. Following EFRAG’s endorsement in the EU, the UKEB invited stakeholders to comment on its draft assessment criteria. The following response was produced by ICAEW’s Insurance Committee and its IFRS17 Discussion Group following years of debating technical issues around the standard.
Our roundup of regulatory news.
The method for amortising the CSM for annuity contracts has been heavily debated in the UK as part of the implementation of IFRS 17 Insurance Contracts.
A letter sent by ICAEW members from UK insurers and accounting firms following UK Endorsement Board’s suggestion of engagement on the alternative approaches to amortising the contractual service margin for annuity contracts under IFRS 17 which have been discussed in the UK market.
A response dated 8 October 2021 to a consultation published by PRA on 8 July 2021.
ICAEW’s John Mongelard looks at why the recent Financial Conduct Authority (FCA) consultation, ‘A new Consumer Duty’ is critical for CFOs.
A response dated 19 February 2021 to a consultation published by HMT on 19 October 2020.
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.
ICAEW’s Zsuzsanna Schiff looks at the results of the Centre for the Study of Financial Innovation (CSFI) and PwC’s 2021 Insurance Banana Skins.
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.
This ICAEW guide provides an overview of directors' duties and responsibilities, including on internal governance, transactions between a company and its directors or shareholders, and corporate administration. It also covers responsibilities in relation to insolvent or financially challenged companies, as well as penalties for breach of directors' responsibilities.
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 webinar is designed to inform the audience of the key component parts for generating the new Expected Credit Loss (ECL) calculations, also known as Impairment provisions, as required under International Financial Reporting Standard 9.
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.
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.
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.