<br />
FINANCIAL<br />
SERVICES<br />
FACULTY<br />
ICAEW.COM/FSFISSUE 117<br />
JULY/AUGUST 2017<br />
FSFocus<br />
ARE YOU READY?<br />
THE INS AND OUTS OF<br />
THE SMCR EXTENTED<br />
PLAYING FIELD<br />
DRAWING THE LINE<br />
HOW TO EMBRACE<br />
WHISTLEBLOWING<br />
IN FINANCIAL SERVICES<br />
THE NEW STANDARD<br />
TIME TO PREPARE FOR<br />
IFRS 17 AND MANAGE<br />
EXPECTATIONS<br />
New<br />
horizons<br />
How millennials<br />
and generation X<br />
are shaping the future<br />
of financial services<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 road price <a title="FS Focus JULY/AUGUST 17 page 1" href="http://viewer.zmags.com/publication/381a62a7?page=1"> FINANCIAL SERVICES FACULTY ICAEW.COM/FSFISSUE 11</a>
<a title="FS Focus JULY/AUGUST 17 page 2" href="http://viewer.zmags.com/publication/381a62a7?page=2"> V90 Cross Country D4 AWD, Metallic Paint, Persona</a>
<a title="FS Focus JULY/AUGUST 17 page 3" href="http://viewer.zmags.com/publication/381a62a7?page=3"> July/August 2017 Issue 117 COVER: MATT MURPHY 1</a>
<a title="FS Focus JULY/AUGUST 17 page 4" href="http://viewer.zmags.com/publication/381a62a7?page=4"> WELCOME As the tide turns... To misquote F</a>
<a title="FS Focus JULY/AUGUST 17 page 5" href="http://viewer.zmags.com/publication/381a62a7?page=5"> N E EWS & VENTS CHAIRMAN'S REPORT: INSURANCE CO</a>
<a title="FS Focus JULY/AUGUST 17 page 6" href="http://viewer.zmags.com/publication/381a62a7?page=6"> EVENTS EVENTS.ICAEW.COM IFRS 17 31 October 2017 </a>
<a title="FS Focus JULY/AUGUST 17 page 7" href="http://viewer.zmags.com/publication/381a62a7?page=7"> INVESTMENT CONSUMER SAVINGS RATIO PLUMMETS The co</a>
<a title="FS Focus JULY/AUGUST 17 page 8" href="http://viewer.zmags.com/publication/381a62a7?page=8"> SMITH UPFRONT One of the</a>
<a title="FS Focus JULY/AUGUST 17 page 9" href="http://viewer.zmags.com/publication/381a62a7?page=9"> AV </a>
<a title="FS Focus JULY/AUGUST 17 page 10" href="http://viewer.zmags.com/publication/381a62a7?page=10"> THE FUTURE'S BRIGHT</a>
<a title="FS Focus JULY/AUGUST 17 page 11" href="http://viewer.zmags.com/publication/381a62a7?page=11"> Peter Neville Lewis explores the challenges facin</a>
<a title="FS Focus JULY/AUGUST 17 page 12" href="http://viewer.zmags.com/publication/381a62a7?page=12"> GENERATION X Meanwhile, the slightly older genera</a>
<a title="FS Focus JULY/AUGUST 17 page 13" href="http://viewer.zmags.com/publication/381a62a7?page=13"> When it comes to managing millennials, personal d</a>
<a title="FS Focus JULY/AUGUST 17 page 14" href="http://viewer.zmags.com/publication/381a62a7?page=14"> The Senior Managers and Certification Regime (SMC</a>
<a title="FS Focus JULY/AUGUST 17 page 15" href="http://viewer.zmags.com/publication/381a62a7?page=15"> manager has. Where individuals will have new or s</a>
<a title="FS Focus JULY/AUGUST 17 page 16" href="http://viewer.zmags.com/publication/381a62a7?page=16"> TIME TO TALK With Jes Staley hitting the headlin</a>
<a title="FS Focus JULY/AUGUST 17 page 17" href="http://viewer.zmags.com/publication/381a62a7?page=17"> ANDREW BAKER/IKON whistleblowing champion on a r</a>
<a title="FS Focus JULY/AUGUST 17 page 18" href="http://viewer.zmags.com/publication/381a62a7?page=18"> THE BIG PROFILE </a>
<a title="FS Focus JULY/AUGUST 17 page 19" href="http://viewer.zmags.com/publication/381a62a7?page=19"> was the right decision and was glad to be part of</a>
<a title="FS Focus JULY/AUGUST 17 page 20" href="http://viewer.zmags.com/publication/381a62a7?page=20"> </a>
<a title="FS Focus JULY/AUGUST 17 page 21" href="http://viewer.zmags.com/publication/381a62a7?page=21"> A PLAN OF ACTION Ahead of MiFID II implementation</a>
<a title="FS Focus JULY/AUGUST 17 page 22" href="http://viewer.zmags.com/publication/381a62a7?page=22"> FLAWED REGULATION: TIME FOR REFLECTION There is a</a>
<a title="FS Focus JULY/AUGUST 17 page 23" href="http://viewer.zmags.com/publication/381a62a7?page=23"> creation of value, such as the production of new </a>
<a title="FS Focus JULY/AUGUST 17 page 24" href="http://viewer.zmags.com/publication/381a62a7?page=24"> BASEL FAULTY? Steven Hall speculates on whether B</a>
<a title="FS Focus JULY/AUGUST 17 page 25" href="http://viewer.zmags.com/publication/381a62a7?page=25"> This regulatory fudge can be seen as “kicking the</a>
<a title="FS Focus JULY/AUGUST 17 page 26" href="http://viewer.zmags.com/publication/381a62a7?page=26"> IFRS 17 will cut to the heart of an insurer's ope</a>
<a title="FS Focus JULY/AUGUST 17 page 27" href="http://viewer.zmags.com/publication/381a62a7?page=27"> TECHNICAL: IFRS 17 IMPACT alternatives on </a>
<a title="FS Focus JULY/AUGUST 17 page 28" href="http://viewer.zmags.com/publication/381a62a7?page=28"> TECHNICAL: REFERENCE TECHNICAL DIRECTORY A roundu</a>
<a title="FS Focus JULY/AUGUST 17 page 29" href="http://viewer.zmags.com/publication/381a62a7?page=29"> The Mitsubishi L200 Series 5 Titan is now more af</a>
<a title="FS Focus JULY/AUGUST 17 page 30" href="http://viewer.zmags.com/publication/381a62a7?page=30"> PEOPLE IN FOCUS FIRST BIRMINGHAM HIRES FO</a>
<a title="FS Focus JULY/AUGUST 17 page 31" href="http://viewer.zmags.com/publication/381a62a7?page=31"> PEOPLE easier to use. There were no plug-ins,</a>
<a title="FS Focus JULY/AUGUST 17 page 32" href="http://viewer.zmags.com/publication/381a62a7?page=32"> T B ID CPD NO BULLYING Banter is common in </a>
<a title="FS Focus JULY/AUGUST 17 page 33" href="http://viewer.zmags.com/publication/381a62a7?page=33"> PEOPLE “While the implementation of the</a>
<a title="FS Focus JULY/AUGUST 17 page 34" href="http://viewer.zmags.com/publication/381a62a7?page=34"> U NFOCUSED THEY SAID IT... SEUSS SENSE You'd hav</a>
<a title="FS Focus JULY/AUGUST 17 page 35" href="http://viewer.zmags.com/publication/381a62a7?page=35"> One Moorgate Place has a range of diverse spaces </a>
<a title="FS Focus JULY/AUGUST 17 page 36" href="http://viewer.zmags.com/publication/381a62a7?page=36"> IN BUSINESS, ATTENTION TO DETAIL IS EVE</a>