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<br /> FINANCIAL<br /> SERVICES<br /> FACULTY<br /> ICAEW.COM/FSFISSUE 116<br /> JUNE 2017<br /> FSFocus<br /> THE BIG SHAKE-UP BALANCE OF POWER<br /> IFRS 17 WILL MEAN DO ACTIVE OR PASSIVE<br /> HUGE CHANGES IN FUNDS OFFER THE<br /> INSURANCE REPORTING BETTER RETURNS?<br /> Digital<br /> explosion<br /> How the revolution<br /> in online and mobile<br /> banking is transforming<br /> financial services<br /> A FRAUDSTER'S VIEW<br /> WHAT WE CAN ALL<br /> LEARN FROM ROGUE<br /> TRADERS<br /> V90 Cross Country D4 AWD, Metallic Paint,<br /> Personal Contract Purchase Representative Example*<br /> 48 monthly payments £319.00<br /> Customer deposit £7,589.00<br /> On the road price £41,305.00<br /> Member saving £5,580.00<br /> Revised on the<a title="FS Focus JUNE 17 page 1" href="http://viewer.zmags.com/publication/29436027?page=1"> FINANCIAL SERVICES FACULTY ICAEW.COM/FSFISSUE 11</a> <a title="FS Focus JUNE 17 page 2" href="http://viewer.zmags.com/publication/29436027?page=2"> V90 Cross Country D4 AWD, Metallic Paint, Persona</a> <a title="FS Focus JUNE 17 page 3" href="http://viewer.zmags.com/publication/29436027?page=3"> June 2017 Issue 116 COVER: JOSH PATTERSON 10 CO</a> <a title="FS Focus JUNE 17 page 4" href="http://viewer.zmags.com/publication/29436027?page=4"> WELCOME Who knew? It was supposed to be </a> <a title="FS Focus JUNE 17 page 5" href="http://viewer.zmags.com/publication/29436027?page=5"> N E EWS & VENTS CHAIRMAN'S REPORT: INVESTMENT </a> <a title="FS Focus JUNE 17 page 6" href="http://viewer.zmags.com/publication/29436027?page=6"> EVENTS FRC ISA 540 OUTREACH EVENT 27 June 2017 F</a> <a title="FS Focus JUNE 17 page 7" href="http://viewer.zmags.com/publication/29436027?page=7"> BANKING TECH FIRM'S BORDERLESS BANK APP A banking</a> <a title="FS Focus JUNE 17 page 8" href="http://viewer.zmags.com/publication/29436027?page=8"> SMITH UPFRONT When wil</a> <a title="FS Focus JUNE 17 page 9" href="http://viewer.zmags.com/publication/29436027?page=9"> AV BANK FREEDOM Lord Griffiths argues the case</a> <a title="FS Focus JUNE 17 page 10" href="http://viewer.zmags.com/publication/29436027?page=10"> 10 </a> <a title="FS Focus JUNE 17 page 11" href="http://viewer.zmags.com/publication/29436027?page=11"> COVER STORY DAWN OF THE CYBER BANKS Traditional </a> <a title="FS Focus JUNE 17 page 12" href="http://viewer.zmags.com/publication/29436027?page=12"> is no easy matter. Any organisation would need to</a> <a title="FS Focus JUNE 17 page 13" href="http://viewer.zmags.com/publication/29436027?page=13"> COVER STORY </a> <a title="FS Focus JUNE 17 page 14" href="http://viewer.zmags.com/publication/29436027?page=14"> PRODUCTIVE PURSUIT Low productivity is the spect</a> <a title="FS Focus JUNE 17 page 15" href="http://viewer.zmags.com/publication/29436027?page=15"> PRODUCTIVITY the nation's increasingly threa</a> <a title="FS Focus JUNE 17 page 16" href="http://viewer.zmags.com/publication/29436027?page=16"> THE BIG PROFILE “MY WORRY IS THAT THE FOR</a> <a title="FS Focus JUNE 17 page 17" href="http://viewer.zmags.com/publication/29436027?page=17"> Chris Evans speaks to FS Focus columnist and Sund</a> <a title="FS Focus JUNE 17 page 18" href="http://viewer.zmags.com/publication/29436027?page=18"> DAVID SMITH inflation</a> <a title="FS Focus JUNE 17 page 19" href="http://viewer.zmags.com/publication/29436027?page=19"> FRAUD IKON/ARON VELLEKOOP LEON A ROGUE ONE Conv</a> <a title="FS Focus JUNE 17 page 20" href="http://viewer.zmags.com/publication/29436027?page=20"> </a> <a title="FS Focus JUNE 17 page 21" href="http://viewer.zmags.com/publication/29436027?page=21"> SETTING NEW STANDARDS IFRS </a> <a title="FS Focus JUNE 17 page 22" href="http://viewer.zmags.com/publication/29436027?page=22"> TECHNICAL : IFRS 17 TABLE 1 IN SCOPE OF IFRS</a> <a title="FS Focus JUNE 17 page 23" href="http://viewer.zmags.com/publication/29436027?page=23"> DISCOUNT DESPAIR Mohammad Khan assesses the impac</a> <a title="FS Focus JUNE 17 page 24" href="http://viewer.zmags.com/publication/29436027?page=24"> REACHING THE BENCHMARK New European benchmark reg</a> <a title="FS Focus JUNE 17 page 25" href="http://viewer.zmags.com/publication/29436027?page=25"> TECHNICAL: EU BMR THE BMR'S PROGRESS DEC 201</a> <a title="FS Focus JUNE 17 page 26" href="http://viewer.zmags.com/publication/29436027?page=26"> While there is nothing new about the passive vers</a> <a title="FS Focus JUNE 17 page 27" href="http://viewer.zmags.com/publication/29436027?page=27"> and the FCA finding may help continue the trend,”</a> <a title="FS Focus JUNE 17 page 28" href="http://viewer.zmags.com/publication/29436027?page=28"> TECHNICAL: REFERENCE TECHNICAL DIRECTORY A round</a> <a title="FS Focus JUNE 17 page 29" href="http://viewer.zmags.com/publication/29436027?page=29"> For every second of delay at checkout, conv</a> <a title="FS Focus JUNE 17 page 30" href="http://viewer.zmags.com/publication/29436027?page=30"> PEOPLE IN FOCUS NEW CEO AT STROZ FRIE</a> <a title="FS Focus JUNE 17 page 31" href="http://viewer.zmags.com/publication/29436027?page=31"> PEOPLE WHAT IS DISTINCTIVE ABOUT IT? We have</a> <a title="FS Focus JUNE 17 page 32" href="http://viewer.zmags.com/publication/29436027?page=32"> T B ID HE IG EA THE PERSONAL TOUCH Big data can</a> <a title="FS Focus JUNE 17 page 33" href="http://viewer.zmags.com/publication/29436027?page=33"> TECHNOLOGY SPECIAL 2.7 zettabytes of da</a> <a title="FS Focus JUNE 17 page 34" href="http://viewer.zmags.com/publication/29436027?page=34"> NEWS & EVENTS U NFOCUSED THEY</a> <a title="FS Focus JUNE 17 page 35" href="http://viewer.zmags.com/publication/29436027?page=35"> </a> <a title="FS Focus JUNE 17 page 36" href="http://viewer.zmags.com/publication/29436027?page=36"> 6WDWXWRU\DFFRXQWVSURGXFWLRQPDGHHDV\ HDVLHU $QHD</a>