Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
19 December 2023
Payment and e-money providers – safeguarding audits, a timely reminderIn July 2020 the Financial Conduct Authority (FCA) finalised guidance on safeguarding customer funds, which included the requirement that payment services and electronic money institutions, whose accounts required a statutory audit, would also be required to undertake an annual audit of their compliance with the safeguarding requirements under the Payment Service Regulations 2017 (PSRs) and Electronic Money Regulations 2011 (EMRs).
13 December 2023
Financial Services (FS) Predictions for 2024Typically, this is a time of year when we look forward and try to predict what the new year may have in store. The current volatility in the global and domestic market makes it especially fraught to predict the future, however, our Financial Services team have taken the time to think ahead to what might lie in store for the sector in 2024.
21 November 2023
Consumer Duty: a matter of trustIn a speech by Nisha Arora (Director of Cross Cutting Policy and Strategy, FCA) on 1 November, the most illuminating comments related to what firms can expect from the regulator. Amongst references to Consumer Duty being a golden thread and how they would use this to intervene early, the FCA are clearly expecting the Duty to improve customer confidence and trust.
Necati Tosun
Consulting Manager
16 October 2023
Performance optimisation - push & pull!The many forces of change facing financial services provide both a push and a pull factor for firms to transform – to optimise performance and to reduce their cost to income ratio.
Darren Mascarenhas and Yitongyue Lin (Lilian)
21 September 2023
Artificial Intelligence: master or servant?Little is known about author William Grove, but his two novels – “A Mexican Mystery” (1888) and “The Wreck of the World” (1889) – are notable for their bleak vision of Artificial Intelligence (AI), with robots revolting against their human masters. That limitless potential was explored further by Hollywood, creating both our wildest dreams and our worst nightmares through movies such as The Terminator, The Matrix, and Minority Report. But it’s not all about a dystopian future – many of us have gladly welcomed Alexa, Siri, and Google into our lives and homes. So, as we continue to grapple with this gap between fiction and reality, one thing remains certain: AI is with us and it’s here to stay…
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