Cayman Islands Monetary Authority’s Post

FCA to carry out consolidation review. The Financial Conduct Authority (FCA) has today (October 7) said it will carry out a multi-firm review into consolidation of financial advice firms. Lucy Castledine. Check out Sahar Nazir's latest article 👇 https://incm.pub/3NimOsW #financialadviser #investment #investmentmanagement #finance

People Moves: FSCS chair named as Elizabeth Passey. The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have named Elizabeth Passey as chair of the Financial Services Compensation Scheme (FSCS). Check out our latest article 👇 https://incm.pub/3K2zQJj #financialadviser #investment #investmentmanagement #finance

5 minute read: https://go.td.com/3Xj9Sre The IFRS 17 standards aim to increase transparency and harmonize financial reporting for insurance companies in the countries that have chosen to adopt IFRS 17. What do the new rules mean for insurers? TD Asset Management Inc. sheds light on the new standards, examining how portfolio considerations have evolved from IFRS 4 to IFRS 17. For Canadian institutional audiences only. For Canadian institutional investment professionals only.

Get the latest insights on the new amendments to IFRS 9 & IFRS 7 in our recent publication. These updates bring crucial changes to financial instrument reporting, including derecognition of financial liabilities, guidance on ESG-linked financial assets, and enhanced transparency through new disclosure requirements. Effective from 1 January 2026 with options for early adoption, these amendments are essential for finance professionals to understand and implement: https://lnkd.in/dPwJm8vh #IFRSUpdate #BetterWorkingWorld #EYBaltics

FCA to carry out consolidation review. The Financial Conduct Authority is set to carry out a multi-firm review into consolidation of financial advice firms. Check out Sahar Nazir's latest article 👇 https://incm.pub/47VfsVR #investment #wealthmanagement #assetmanagement #finance

At CIBA, we are on the front lines of financial standard-setting. We've actively participated in responding to the IASB's latest Exposure Draft for the IFRS for SMEs. Discover the proposed changes, their significance, and how we’ve ensured your voice is heard. 💡 Why This Matters to You: These changes aim to make your financial reporting more effective, reflecting true business performance and helping you make better financial decisions. 🔗 Read the full article here: https://lnkd.in/d3Z5-YdB

📢 Did you know? 📈 The Financial Reporting Council (FRC) is the UK's regulator for the accounting, audit, and actuarial professions, and oversees corporate governance. Stay informed about the standards that shape our financial landscape! Visit- www.peakvisory.co.uk ; info@peakvisory.co.uk #ukaccountants #ukaccounting #uktaxprofessionals #ukbookkeepers

Register for this upcoming CA ANZ Sharing Knowledge AU session, covering trust and confidence in financial reporting and audit. Trust and confidence in the profession has been in the spotlight over the past 18 months, with constant, intense scrutiny and attention from the media and parliament. This session will provide a preview of all the latest investor confidence survey findings including trust in financial reporting and auditors, and the capital markets and economy. Register here: https://ow.ly/a8l930sFFQX #CAANZ #DifferenceMakers

Local government sector showed significant progress in improving timeliness of financial reporting but valuation of assets remains an issue: https://lnkd.in/dyywgsJ8 The Local Government 2022-23 – Financial Audit Results report summarises the results of the annual audits of 137 of 147 local government entities, which highlights the sector’s issues around asset registers and valuations. 

As always, a very insightful summary of the previous year which each LG management should review. A key issue in financial reporting continues to stem from the valuation of infrastructure assets and the lack of effective review by management. An emerging issue across most LGs is implementation of new systems. This has exposed the deficiency of record keeping and in particular where the implementation has been project managed by consultants without involvement from appropriate LG staff.