Financial services - publications

The EU Benchmark Regulation

Richard Porter, Andy Wrout and Gregory Campbell examine the new EU Benchmark Regulation and its role in restoring trust in benchmarks.
[01-2017]


The Future of On Boarding

How can customer onboarding reduce a firm’s exposure to financial crime? PwC’s 'The Future of Onboarding'
[01-2017]


Continued evolution of the Basel Leverage Ratio

On 6 April 2016, the Basel Committee on Banking Supervision (BCBS) consulted on proposed revisions to the design and calibration of the Basel III Leverage Ratio. The revisions are informed by its ongoing Basel III monitoring process in the parallel run period (since 2013) and industry feedback gathered since the initial release of the Leverage Ratio framework in January 2014. This briefing note sets out a summary of the latest revisions proposed by the BCBS, together with some initial perspectives on their implications for banks.
[06-2016]


Banking Capital: How much is enough?

Banks are facing a raft of regulatory changes relating to capital requirements, both in the UK and EU. In December 2015 the BoE created a blueprint for the level of capital it expects UK banks to hold by 2019.
[05-2016]


Building societies under PRA's scrutiny

The PRA published the consultation paper CP12/16 supervising building societies’ treasury and lending activities on 4 April 2016. It outlines changes to the supervisory statement SS20/15 published in April 2015, which was itself an update to the...
[05-2016]


PRA Pillar 2 liquidity Consultation Paper

The PRA published Consultation Paper CP21/16: Pillar 2 liquidity on 12 May 2016 together with a corresponding draft Statement of Policy. This is the first of two expected Consultation Papers on Pillar 2 liquidity. The changes being consulted on are prompted by the introduction of the European Banking Authority (EBA) Delegated Act on Liquidity Coverage Ratio (LCR). This proposed Statement of Policy applies to UK incorporated banks, building societies and PRA designated investment firms.
[05-2016]


The Senior Managers Regime: What it really takes to sleep soundly at night

After years of planning and preparation, the Senior Managers Regime (SMR) has finally gone live in the banking and insurance industries and will soon be rolled out to the wider financial services sector.
[04-2016]


Managing the payments landscape

Our recent payments survey explores major banks’ perceptions of the fast evolving payments landscape and their strategic response.
[12-2015]


Being better informed: August 2015

This is landing page for the August 2015 Financial Services Centre of Excellence monthly regulatory bulletin
[16-07-2015]


Being better informed: July 2015

This is landing page for the July 2015 Financial Services Centre of Excellence monthly regulatory bulletin,
[16-07-2015]


Insurance Banana Skins 2015

The CSFI/PwC 2015 Insurance Banana Skins survey charts the top risks in global insurance. Find out why Cyber security is now a bigger concern than regulation for UK insurers.
[15-07-2015]


Facing the future of Risk

Facing the future of risk - How financial services firms can get risk-ready
[15-07-2015]


Basel III and beyond - the new Basel Standardised Approach to Counterparty Credit Risk

What does SA-CCR entail and what are the business impacts?
[15-07-2015]


Insurance 2020 & beyond: Equipping your business for the global tax revolution

As tax risk, scrutiny and complexity all increase, businesses are re-evaluating their tax functions. Drawing on a survey of tax leaders, our report looks at what kind of tax function is set to emerge from the shake-up.
[13-07-2015]


CASS Awareness E-Learning Solution

Are your staff up to date with their CASS training? We provide a comprehensive E-Learning training solution…
[29-06-2015]


CBI/PwC Financial Services Survey - June 2015

UK financial services firms report strong domestic growth, but argue they’ve experienced a slump in productivity since the crisis.
[28-06-2015]


IFRS 9 for insurers

IFRS 9 has an effective date of 2018 so now is the time to begin preparing implementation plans. We have set out some key areas for consideration to help you understand the impact on your business.
[25-06-2015]


UK final liquidity regulation has landed

This briefing summarises the key takeaways from the PRA policy and considers some of the implications for UK financial institutions.
[18-06-2015]


Why you can’t scare people into doing the right thing

Trying to stamp out bad behaviour in financial services is creating a climate of fear. And that risks breeding more unethical conduct, not less - exactly the opposite of what regulators, businesses and the public want. The threat of fines, bonus clawbacks or prison hasn’t halted a string of misselling and market-rigging scandals.
[17-06-2015]


The UK Branch return and PRA rulebook for branches: tying loose ends

This briefing summarises the key takeaways from those publications and considers some of the potential implications for UK financial institutions.
[21-05-2015]


Will European financial services M&A in 2015 be driven by politicians or business leaders…or both?

A review of European financial services mergers and acquisitions (M&A) deal activity in 2014.
[13-04-2015]


Pension freedom: PwC consumer survey of retirement guidance and funding choices

What consumers think about the quality of guidance and how they will fund their retirements, in light of the new pension freedoms from 6 April 2015
[10-04-2015]


CBI/PwC Financial Services Survey – March 2015

UK financial services firms report profitable growth, despite a moderate rise in business volumes.
[26-03-2015]


PRA publishes final rules and supervisory statements on Solvency II

PRA has published final rules and supervisory statements ahead of Solvency II going live. This hot topic provides a summary of the areas that may be of most interest to insurers.
[26-03-2015]


Precious Plastic 2015: How Britons fell back in love with borrowing

The average UK household is set to owe close to £10,000 in unsecured debt by the end of 2016, more than ever before in cash terms, according to PwC’s latest report on the Consumer Credit market, Precious Plastic: How Britons fell back in love with borrowing.
[22-03-2015]


Being better informed: April 2015

April 2015 Financial Services Centre of Excellence monthly regulatory bulletin
[13-03-2015]


Being better informed: May 2015

May 2015 Financial Services Centre of Excellence monthly regulatory bulletin
[13-03-2015]


Being better informed: June 2015

This is landing page for the June 2015 Financial Services Centre of Excellence monthly regulatory bulletin,
[13-03-2015]


8 steps to nurture diversity and inclusion in your organisation

PwC’s 8 steps to greater diversity in real estate
[09-03-2015]


Regaining consciousness: Recognising and minimising behavioural biases

Regaining consciousness: Recognising and minimising behavioural biases
[05-03-2015]


UK liquidity regulation redefined

This briefing summarises the key takeaways from the PRA proposal and considers some of the potential implications for UK financial institutions.
[02-03-2015]


Is this Basel IV?

In 2014 the Basel Committee on Banking Supervision (BCBS) consulted on five revisions to Pillar 1 of the Basel III framework and clearly had the standardised approach in its sights. This note summarises each of the proposals and offers initial thoughts on the consequences.
[02-03-2015]


Enhancing Pillar 2 Capital

The Prudential Regulation Authority (PRA) published a Consultation Paper (CP1/15) on its approach to setting Pillar 2 capital requirements on 19 January 2015. The consultation runs until 17 April 2015.
[02-03-2015]


What will the EU Banking Recovery and Resolution Directive (BRRD) change for UK financial institutions?

This Briefing focus on Recovery and Resolution Planning for banks and the impact for UK financial institutions of the new BRRD requirements.
[02-03-2015]


Smaller banks and investment firms come under the spotlight as EBA revises its remuneration guidelines

The impact and implications of EBA’s consultation to review its remuneration guidelines.
[02-03-2015]


Bail-in: bailing out the taxpayer

This Briefing focus on bail in provisions in the BRRD and the impact for UK financial institutions.
[02-03-2015]


A crude awakening: what next for oil?

PwC’s Jeremy Webb and Rob Turner look at the potential short and medium term impacts of the oil price crash, and asks the billion dollar question: when will prices stabilise?
[18-02-2015]


Too big to share anymore?

Most banks use shared services to a greater or lesser degree. This will vary from utilisation of staff or technology owned by one entity to process the transactions of others through to centralised ‘one bank’ shared services.
[15-02-2015]