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The advent of the GDPR means that organisations will need to make increased efforts to deal with specific threats and this includes those posed by social engineering attacks. In this blog post, Richard Hall explores the different types of social engineering attacks and what you can do to assist in reducing those risks as part of your compliance efforts. Continue reading
The European Commission (EC) announced on 19 December 2018 a set of measures in case of a no-deal Brexit: UK Central Counterparties (CCPs) will be granted temporary equivalence under EMIR for 12 months UK Central Securities Depositories (CSDs) will be granted a temporary equivalence period of 24 months under Central Securities Depositories Regulation. The EC has also confirmed temporary 12-month measures to facilitate the novation of bilateral contracts between UK and EU-27 entities. Whilst this brings relief, a longer term arrangement such as a full equivalence decision, may be contingent on an agreement between the UK and EU on the wider future relationship. ESMA and the BoE have welcomed the announcement, with ESMA suggesting it expects to be able to conclude an agreement on information sharing by the end of January. Continue reading
Posted 3 days ago at FSRR
By Duncan Nicholls Market performance and compensation go hand in hand in the Asset & Wealth Management (AWM) sector. Stagnating markets will bring significant challenges to HR and Reward functions. The asset management sector is no stranger to change and transformation. At our recent Asset Management HR Network event, we... Continue reading
Posted 4 days ago at People agenda
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In this blog post, Polly Ralph and Olivia Wint discuss contingency planning to maintain EU - UK data flows in the context of a no deal brexit scenario. Continue reading
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“How do I prepare my portfolio for Brexit?” Alistair Dick, Corporate Finance Restructuring Partner, shares three ideas to help portfolio managers working for private equity funds, banks, insurance companies and credit funds prepare for the road ahead. Continue reading
Posted 5 days ago at Deal Talk
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The current pressure on the NHS is immense and despite efforts, the day to day is constant firefighting. Step forward the new NHS 10 year plan. Continue reading
Posted 7 days ago at Health Perspectives
by Ben Proctor Tax Senior Manager Email +44 (0)7711 562040 by Ian Woolley Transfer Pricing, Senior Manager Email +44 (0)7711 562225 HMRC this week announced... Continue reading
Posted 7 days ago at Tax
By Katy Bennett and Shalah Akhtar On 11 October 2018, the Government published a series of papers and statements on supporting ethnic minorities in the workplace. Central to this was the launch of a consultation on ethnicity pay reporting, which explored a number of potential approaches to require organisations to... Continue reading
Posted Jan 11, 2019 at People agenda
Insights from PwC’s Building Public Trust Award 2018 for Impact in Social Enterprise, by Laura Hinton, PwC Chief People Officer and Executive Board member Continue reading
Posted Jan 11, 2019 at People agenda
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Insights from PwC’s Building Public Trust Award 2018 for Reporting in Overseas Investment, by Ewan Fryatt, PwC Partner Continue reading
Posted Jan 11, 2019 at Tax
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In a recent speech to the ICAEW, Charles Randell, Chair of the Financial Conduct Authority (FCA) stressed that FCA rules require senior management to take reasonable steps to ensure that their CASS auditor has the required skill, resources and experience to perform its functions. However, the FCA remains concerned that some audit firms have not invested sufficiently in building their knowledge and understanding of the Client Asset Sourcebook (CASS) Rules and the FRC Client Asset Assurance Standard. In Mr Randell’s own words: “We continue to see Client Assets reports that are just not good enough”. Continue reading
Posted Jan 7, 2019 at FSRR
With the resolution of some major transfer pricing enquiries by HMRC since the introduction of Diverted Profits Tax, together with the introduction of further far-reaching legislation in the recent Budget, it’s a good time to look the changing landscape for transfer pricing disputes in the UK and what might come next. Continue reading
Posted Jan 7, 2019 at Tax
Those involved in primary capital markets will have noticed that the FCA has been particularly active in this space in recent years, and the regulator’s 2018/19 business plan suggests this is set to continue. A core aspect of its wholesale supervisory agenda is to review how firms have implemented a series of new UK and EU-wide rules related to the management of securities offerings, as well as how those rules are impacting on market practice. But where is the FCA likely to focus its scrutiny, and how can firms prepare to meet the regulator’s expectations? Continue reading
Posted Jan 7, 2019 at FSRR
Cyber security incidents are on the rise; in the last 12 months a reported 72% of large businesses (and 63% of medium businesses) in the UK experienced cyber security breaches or attacks. Unfortunately, the cyber security skills gap is similarly a real threat, presenting a major challenge for organisations looking for the right expertise to defend themselves. Continue reading
Posted Jan 7, 2019 at Cyber security updates
By Polly Miles and Chris Cartmell The Home Office has recently issued letters to approximately 17,000 companies who they have determined are obligated entities under the the UK Modern Slavery Act 2015 (the Act). Obligated entities are required to publish a modern slavery statement outlining the steps they have already... Continue reading
Posted Jan 7, 2019 at People agenda
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By Simon Davis, Senior Associate. PECR (Amendment) Regulations 2018 came into effect in the UK on 17 December 2018. Simon Davis discusses what this means for organisations and for individuals of influence within these. Continue reading
Posted Jan 7, 2019 at Data protection and privacy insights
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We explore the impact that technological disruption is having on industrial businesses - a strategic pivot from supplying customers with products to propositions based around availability or solutions. Continue reading
Posted Jan 7, 2019 at Deal Talk
By Mark O'Sullivan, Director of Corporate Reporting Happy New Year! Basking in a post festive glow of excess it’s time to look to the year ahead and what the future holds for reporting. During the last few months of 2018 it sometimes felt like we were operating in limbo. While... Continue reading
Posted Jan 6, 2019 at Corporate reporting
By Damon Wright, Head of Travel & Leisure, Indirect tax If the agreed deal and political declaration on the future relationship with the EU successfully pass through the UK and EU Parliament and become binding it would seem that, at least for the transitional period, the UK will remain within... Continue reading
Posted Dec 27, 2018 at Industry perspectives
By Alastair Woods and Jess Garbett One of the big people issues facing businesses in 2018 has been inequality in the workforce. The lightning rod for this has been gender pay, but there are a number of other themes that are challenging employers as they seek to restore trust and... Continue reading
Posted Dec 27, 2018 at People agenda
With 100 days to Brexit and no clear route to an agreement, it is perhaps unsurprising that the European Commission (EC) announced a number of measures should there be no agreement with the UK. In October we set out some of the risks from a no deal scenario to the centrally cleared derivatives market in this blog. So it is welcome that the EC has announced that UK Central Counterparties (CCPs) will be granted temporary equivalence under EMIR for 12 months in a no deal scenario. UK Central Securities Depositories (CSDs) will be granted a temporary equivalence period of 24 months under CSDR. The EC has also confirmed temporary 12 month measures to facilitate the novation of bilateral contracts between UK and EU-27 entities. Continue reading
Posted Dec 20, 2018 at FSRR
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When Carillion entered into an insolvency in January, an important task was to protect its data from opportunistic hackers as well as mitigate against accidental breaches. This is a brief account of what we did to accomplished this. Continue reading
Posted Dec 20, 2018 at Deal Talk
As a busy 2018 draws to a close, it seems only appropriate to reflect on the past 12 months and ask those key questions such as, what went well, what could’ve gone better and what lessons have we learned? In this short blog, I would like to revisit some of my personal highlights and take a look ahead into 2019 – and I would encourage you all to do the same!Let’s start at the beginning. From October 2017 to March 2018, PwC hosted a series of IFRS 17 Tech Showcases in 12 different cities, which attracted over 1,000 clients and a variety of technology vendors. These showcases were successful in initiating conversations around technology solutions, and gave attendees some ‘food for thought’ in terms of how best to plan for shortages in IFRS 17 SME resources. I personally gained a lot from these trips as they greatly enhanced my understanding of Asia’s general state of readiness for IFRS 17 in comparison with Europe and the America Continue reading
Posted Dec 20, 2018 at FSRR
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By Jona Duka, Senior Associate. In November, we were delighted to have the opportunity to host an event for Women Who Code at our Edinburgh office. Continue reading
Posted Dec 20, 2018 at Data Blog
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By Chris Murray, Elizabeth Yates and Prasun Shah PwC’s latest Future of Work report tells us that organisations are not doing enough to prepare for the transformation of the world of work and that technology is at the heart of these changes. So how is HR responding? According to the... Continue reading
Posted Dec 19, 2018 at People agenda