Proposals could see Bank of England fine firms for breaches
Audit

Proposals could see Bank of England fine firms for breaches

9y Calum Fuller , Reporter

Proposals could see Bank of England fine firms for...

Auditors will have to submit annual reports to central bank's Prudential Regulation Authority under proposals Read More...

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FX derivatives losses: What you need to know to help clients
Business Regulation

FX derivatives losses: What you need to know to help clients

9y Accountancy Age

FX derivatives losses: What you need to know to he...

If your clients think they have lost out in the manipulated FX benchmark affair, there are steps you can take to help, says Stevie Loughrey Read More...

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ICAEW draws up plans for assurance on banks’ capital
Accounting Standards

ICAEW draws up plans for assurance on banks’ capital

9y Richard Crump , Writer

ICAEW draws up plans for assurance on banks’ capit...

New assurance framework intended to provide a basis for independently examining risk-weighted assets Read More...

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#AS2014: Banks hit with £3.5bn rap on knuckles
Corporate Governance

#AS2014: Banks hit with £3.5bn rap on knuckles

9y Chris Warmoll , Writer

#AS2014: Banks hit with £3.5bn rap on knuckles

The measure - which will kick in from 1 April 2015 - includes an exemption for losses incurred in the first five years of a bank's authorisation Read ...

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MPs blast KPMG over failings at Co-op Bank
Accounting Firms

MPs blast KPMG over failings at Co-op Bank

9y Richard Crump , Writer

MPs blast KPMG over failings at Co-op Bank

KPMG, the FSA and Co-op Bank leadership criticised for role in 'sorry tale' of failing to discover accounting black hole sooner Read More...

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IPs in a predicament over interest rate swap mis-selling
Business Recovery

IPs in a predicament over interest rate swap mis-selling

9y Robin Henry

IPs in a predicament over interest rate swap mis-s...

With the statutory six year limitation period on legal action soon to expire, the mis-selling of interest rate hedging products has become an urgent m...

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Watson to drive BTG's new property debt advice offering
People In Practice

Watson to drive BTG's new property debt advice offering

10y Kevin Reed , Writer

Watson to drive BTG's new property debt advice off...

Simon Watson to develop debt advisory business for the property sector Read More...

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EY issues emphasis of matter note on Co-op Bank
Audit

EY issues emphasis of matter note on Co-op Bank

10y Kevin Reed , Writer

EY issues emphasis of matter note on Co-op Bank

EY says issues at the Co-operative Bank may cast doubt on its ability to continue as a going concern Read More...

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Consultants set for €500m fee windfall in European bank audit
Accounting Firms

Consultants set for €500m fee windfall in European bank audit

10y Naomi Rainey , Writer

Consultants set for €500m fee windfall in European...

Banks could end up footing the bill for the work, as some regulators plan to pass costs back to the audited institutions Read More...

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Taking Stock: IFRS pocket guide unlikely to end on Carney's book shelf
Accounting Standards

Taking Stock: IFRS pocket guide unlikely to end on Carney's book shelf

10y Taking Stock

Taking Stock: IFRS pocket guide unlikely to end on...

Bank of England governor at a loss over what to do with IFRS pocket guide Read More...

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Bank audits not up to scratch, finds FRC
Audit

Bank audits not up to scratch, finds FRC

10y Richard Crump , Writer

Bank audits not up to scratch, finds FRC

FRC inspection report highlights continued deficiencies in the quality and rigour of bank audits Read More...

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Deloitte partners take receivership of The Gherkin
Business Recovery

Deloitte partners take receivership of The Gherkin

10y Kevin Reed , Writer

Deloitte partners take receivership of The Gherkin

Neville Kahn and Phil Bowers appointed joint receivers of 30 St Mary Axe, as multi-currency lending arrangement hits its owners Read More...

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IASB starts ‘long journey’ to overhaul macro hedging
Accounting Standards

IASB starts ‘long journey’ to overhaul macro hedging

10y Richard Crump , Writer

IASB starts ‘long journey’ to overhaul macro hedgi...

"Fearsomely complex" approach to macro hedging under IFRS to be simplified by global standard setter Read More...

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UK’s banks pay 71% of profits in tax
Corporate Tax

UK’s banks pay 71% of profits in tax

10y Calum Fuller , Reporter

UK’s banks pay 71% of profits in tax

KPMG research examines impact of UK bank levy Read More...

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Bank losses on firms at lowest level in four years
Accounting Firms

Bank losses on firms at lowest level in four years

10y Rachael Singh , Writer

Bank losses on firms at lowest level in four years

Professional service firms producing lowest bank write-offs since 2009 according to finance provider Syscap Read More...

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Big Four and financial services dominate UK consulting
Consulting

Big Four and financial services dominate UK consulting

10y Kevin Reed , Writer

Big Four and financial services dominate UK consul...

The UK consulting market is set for robust growth in 2014, with the Big Four scooping up market share Read More...

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Colin: FRC Wins the Hoff
People Business

Colin: FRC Wins the Hoff

10y Taking Stock

Colin: FRC Wins the Hoff

Colin's vision of events often bears little relation to reality Read More...

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Helical Bar achieves £100m refinancing
Corporate Finance

Helical Bar achieves £100m refinancing

10y Kevin Reed , Writer

Helical Bar achieves £100m refinancing

Property investment business gains access to more working capital and cash Read More...

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Growth and financing easier for small business in 2014
Corporate Finance

Growth and financing easier for small business in 2014

10y Cameron Roberts

Growth and financing easier for small business in ...

FSB sees growing confidence in the ability to access finance Read More...

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FRC to review standard of bank audits
Audit

FRC to review standard of bank audits

10y Richard Crump , Writer

FRC to review standard of bank audits

Improvements to the quality of auditing of banks and building societies have been insufficient, FRC says Read More...

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HMRC in £121m foreign bankers investigations yield
Personal Tax

HMRC in £121m foreign bankers investigations yield

10y Calum Fuller , Reporter

HMRC in £121m foreign bankers investigations yield

Tax take from expat bankers and hedge fund managers rises Read More...

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AS2013: Balls questions government lending policies
Politics

AS2013: Balls questions government lending policies

10y Richard Crump , Writer

AS2013: Balls questions government lending policie...

Shadow chancellor claims net lending to businesses down £100bn compared to May 2010 Read More...

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RBS pushed companies to collapse and reaped the benefits
Business Recovery

RBS pushed companies to collapse and reaped the benefits

10y Rachael Singh , Writer

RBS pushed companies to collapse and reaped the be...

Bank referred to regulators for allegedly purposely defaulting companies into collapse so it can sell their assets for a profit Read More...

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Deloitte reviews Bank of England's costs
Consulting

Deloitte reviews Bank of England's costs

10y Kevin Reed , Writer

Deloitte reviews Bank of England's costs

Big Four firm takes on efficiency review as new Bank of England COO charged with leading strategic plan Read More...

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KPMG warns of Co-op Bank’s going concern status
Audit

KPMG warns of Co-op Bank’s going concern status

11y Richard Crump , Writer

KPMG warns of Co-op Bank’s going concern status

Auditors KPMG say material uncertainties exist over the Co-op Bank's £1.5bn recapitalisation plan Read More...

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Standard Chartered could drop KPMG as its auditor
Accounting Firms

Standard Chartered could drop KPMG as its auditor

11y Rachael Singh , Writer

Standard Chartered could drop KPMG as its auditor

KPMG could see itself ousted as auditor of investment bank after Standard Chartered begins tendering process Read More...

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Two major UK companies announce refinancing
Company News

Two major UK companies announce refinancing

11y Kevin Reed , Writer

Two major UK companies announce refinancing

Carphone Warehouse and Bovis Homes announce a total of £700m in refinancing Read More...

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