The IFRS 9 deadline is closer than you think...

21 Jan 2016

As we enter 2016, the IFRS 9 deadline draws even closer, and the countdown is putting pressure on firms who need to comply with the new requirements. In less than two years, on January 1st 2018, IFRS 9 will take effect. Although the deadline isn’t until 1 January 2018, the reality is that the changes need to be in place at least a year before in or...

7 banking trends to watch in 2016

23 Dec 2015

In 2015, we have seen increased regulatory scrutiny as supervisory bodies look to reform the banking industry and a new culture of supervision and best practice continues to be set by the Bank of England. The aim of this increased crackdown is to support resilience of individual institutions and the system as a whole. Over the course of 2015, we’v...

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BoE expect significant investment in stress testing models

07 Dec 2015

Although the latest stress testing results revealed there has been significant improvement in stress testing processes since last year, the results also identified considerable variation across banks. During the 2015 stress test, the Bank of England (BoE) undertook a review of banks’ stress testing model frameworks – having found that they were wea...

The 2015 stress testing results and key areas for improvement

01 Dec 2015

Today, the 2015 stress testing results of the UK’s seven largest banks and building societies have been revealed. The results show that there has been significant improvement in stress testing processes since the 2014 review, however the results identified considerable variation across banks, and highlighted areas where stress testing and capital p...