Forvis Mazars in the UK

📢 What was new for Financial Services firms in Q2 2024? We’ve got essential insights and expert analysis on the latest regulatory developments from the last quarter, including: 🔵 Model risk management for banks – Principle 1 🔵 A regulatory update for insurance firms, including GAP sales and motor total loss claims 🔵 Operational resilience and how firms are doing to meet the March 2025 deadline 🔵 Reducing remote workers’ compliance risk Find out more ➡ https://lnkd.in/e6QsEn8h #FinancialServices #Regulatory #Insights #Insurance

Earlier this year, compliance with the Prudential Regulation Authority's new Model Risk Management guidelines became mandatory for UK-incorporated banks, building societies and PRA-designated investment firms that have received internal model approval. Our latest article breaks down Principle 1 of these Model Risk Management guidelines, focusing on: 🔍 Model Identification 📊 Model risk classification Find out more ➡ https://lnkd.in/eWu8mGte #RiskManagement #FinancialServices #Compliance

The recent Forvis Mazars report: C-suite Barometer revealed reviewing supply chains, operations and processes is the 3rd top priority for UK leaders. 🎧 In this episode of The C-Speak podcast, our panellists explore some of the challenges and risks facing organisations within their supply chains. 🗣 Mark Kennedy, Partner & Group Executive Board Member 🗣 Olga Bezhentseva (LLM, ACCA), Director, Commercial Advisory 🗣 Alice Strevens, Director, Human Rights and Social Impact 🗣 Darya Oglezneva, Director, Forensic Investigation and Compliance Listen now ➡ https://lnkd.in/dK--U7wj #SupplyChains #CSpeak #Podcast #BusinessManagement

From UK favourite to a truly global brand: Pret A Manger's journey is a testament to its focus on doing the right thing and delivering exceptional food, drink and customer experiences ☕ Our latest case study reveals how our collaboration, tailored solutions and sector expertise have supported Pret in its journey ➡ https://lnkd.in/egQYputV Thomas Abraham Asam Malik #Pret #Retail #GrowingGlobal

In this week’s market update, our Chief Economist George Lagarias, MBA outlines the three things investors should know: 🔵 Market performance in equities and bonds has improved on the back of a narrative that sees good electoral outcomes and lower inflation 🔵 The case for bullishness on these factors is not as clear-cut as it may seem 🔵 Despite lower market volatility, investors should not be too quick to exhaust their risk buckets Read more of George's insight ➡ https://lnkd.in/gHN7PdCV #Markets #Economy #Elections #WealthManagement

The European Banking Authority (EBA) has published amendments outlining requirements for calculating Prudent Valuation Adjustments on fair-valued financial instruments held by institutions. Our article looks at what is at stake and the main changes proposed 🧾 Read more ➡ https://lnkd.in/e4t4gg9d #Banking #Prudential #FinancialServices

The talent revolution ✊ Scarcity of talent is a worldwide issue, and public and social sector leaders identify this as one of the top five trends affecting the sector. 🔍 What are the factors considered most important for attracting talent? Find out more in our public and social sector study 2024 ➡ https://lnkd.in/eZBRrKHf #PublicSector #SocialSector

This summer, our Well-Makers Network organised a painting event throughout many of our UK offices 🎨 This guided session provided a relaxing break from daily routines, allowing employees to express themselves creatively and de-stress through mindful painting techniques. It was great to see so many of our people getting together and channelling their inner artists 🖼 #WeAreForvisMazars #TeamBonding #WellMakers

UK regulators have published a wealth of materials for insurers in the second quarter of 2024 📰 In this article, we have provided a detailed overview of these publications and highlight what firms’ management should focus on ➡ https://lnkd.in/eqf8cHKS #RegulatoryCompliance #FinancialServices #Insurance

🤖 Before taking the leap to fully leverage the power of AI, it’s crucial for businesses to establish a solid foundation. Asam Malik, Partner and lead of our Technology & Digital Consulting team has provided six key foundational steps you should be putting in place before going all-in on AI and unlocking its potential. Read our full, in-depth article ➡ https://lnkd.in/eD2x9UTX #AI #Innovation #BusinessStrategy #Technology