(c) Institute of Chartered Accountants in England and Wales. Contact ICAEW for permission to reproduce this article., Ethics, Financial Services

Unethical big data use could undermine social purpose of financial services

We urgently need an ethical framework for the use of big data or we risk undermining the social purpose of financial services, according to ICAEW. The accountancy and finance body is calling for businesses, consumers and regulators to work together to protect vulnerable people from being exploited by the growing use of data and artificial… Read More Unethical big data use could undermine social purpose of financial services

(c) Hong Kong Institute of Certified Public Accountants. Contact HKICPA for permission to reproduce this article., Financial Services, Stock Market

One China, two stock connects

Since launching in 2014, Stock Connect has helped bolster Hong Kong’s role in connecting the Mainland with the rest of the world. Nicky Burridge finds out how else the cross-border access scheme has impacted Hong Kong, how investors have benefited, and what the current issues are. More than US$60 billion of foreign money is expected… Read More One China, two stock connects

(c) South Africa Institute of Chartered Accountants. Contact SAICA for permission to reproduce this article., Financial Services

Banks vs the client under FATCA and CRS

By Marelize Loftie-Eaton It is critical for both financial institutions and their clients to treat the requirements of FATCA and the CRS with the respect it commands from a compliance perspective to prevent unnecessary pain with harsh penalties being imposed for non-compliance. Although tax avoidance is legally possible or acceptable, there is a fine line between… Read More Banks vs the client under FATCA and CRS

(c) Institute of Chartered Accountants in England and Wales. Contact ICAEW for permission to reproduce this article., Financial Services

Culture and purpose in financial services

Following the 2008 global financial crisis, the financial services industry has come under intense scrutiny. Firms need to boost trust, create socially responsible products and prevent future financial crises. In its latest publication, Culture and purpose in financial services, the Financial Services Faculty recommends actions that the industry, boards and ICAEW Chartered Accountants should be… Read More Culture and purpose in financial services

(c) Institute of Chartered Accountants in England and Wales. Contact ICAEW for permission to reproduce this article., Financial Services

Culture and purpose in financial services

Following the 2008 global financial crisis, the financial services industry has come under intense scrutiny. Firms need to boost trust, create socially responsible products and prevent future financial crises. In its latest publication, Culture and purpose in financial services, the Financial Services Faculty recommends actions that the industry, boards and ICAEW Chartered Accountants should be… Read More Culture and purpose in financial services

(c) Institute of Chartered Accountants of Scotland. Contact ICAS for permission to reproduce this article., Financial Services

Top role for CA boosts number of women in senior roles

Sue Dawe CA, EY’s Head of Financial Services in Scotland, has joined the accountancy firm’s UK Board. Sue’s appointment means that five of the 10 positions on the Board are now held by women, strengthening the diversity of the firm’s senior leadership.  Here Sue talks to Andy Harbison about her new role and how she… Read More Top role for CA boosts number of women in senior roles