AFB Sponsored Roundtable: Tackling the Challenges of Fee and Income Recognition

AFB members are invited to an in-person roundtable discussion on fee and interest income recognition by banks. This roundtable, sponsored by Whistlebrook, will consider the challenges associated with the calculation of an Effective Interest Rate (EIR) and income recognition under IFRS 9 and FRS102 and how this can be improved by the adoption of software systems.

This is a critical area of compliance and financial reporting for banks. As institutions face growing scrutiny from auditors as well as regulators, the use of spreadsheet-based models for the calculation of EIR and recognition of income & costs is increasingly seen as creating operational risk. For complex loan structures, stepped rates and early repayments, the need for scalable, auditable systems is more important than ever.

We are grateful to AFB member firm, UBL Bank UK, for hosting this roundtable.

Why attend?

Join senior finance and reporting professionals to exchange insights, compare approaches, and discuss emerging solutions in a confidential, peer-led format addressing real-world challenges in EIR application. The roundtable will cover the following key areas:

• An understanding of why EIR calculations are critical to recognising interest income appropriately
• Consideration of how future economic volatility (e.g. interest rate shocks, credit conditions) could impact EIR calculation models
• Guidance on how to determine the expected behaviour of customers — including in relation to prepayment rates, early redemptions, and fee amortisation
• Awareness of the complexity of accounting, how errors can arise, and where controls are most needed
• Exploration of how EIR adjustments and timing differences could impact profit recognition in PRA stress testing scenarios
• Examples of how financial institutions are addressing these challenges with dedicated systems and improved governance

AFB will circulate an agenda to attendees in advance, provided by Whistlebrook, which will be used to aid discussions.

The Chatham House Rule will apply to this event to encourage open dialogue and discussion.

There will be refreshments and networking from 15:30 before the roundtable discussion commences at 16:00.  There will be refreshments and networking after the discussion from 17:30 to 18:30.

Please note there will be a limit of one representative from each AFB member to allow a wider range of firms to attend and benefit from the discussion.

Who should attend?

CFOs, senior Financial Controllers, Heads of Finance, and Financial Reporting Leads

Facilitator

David Webber – CEO, Whistlebrook and ICAEW Chartered Accountant

David joined Whistlebrook in July 2017 to lead its future growth strategy, bringing over 25 years of experience in financial services software leadership. Following his early career with PWC audit he has held the role of CEO of AttentiV Systems, Intelligent Environments and Patsystems Group. At Whistlebrook he is the subject matter expert for interest income accounting.

Logistics

Fee:          Included in AFB membership

Format:    In-person at UBL Bank UK, 2 Brook Street, London, W1S 1BQ

Date:        Thursday 6 November 2025

Time:        15:30 – 18:30 (arrival & refreshments from 15:30, drinks from 17:30 – 18:30)

If you would like to submit a question or have any specific areas that you would like the session to address, please send them to AFB at secretariat@foreignbanks.org.uk  You will receive details on how to join this session a week before the event.

Sponsored by

Whistlebrook is an employee-owned business (Employee Ownership Trust as of 2024) founded in 1997, specialising in integrated back-office software solutions tailored for UK financial services—including regulatory reporting, EIR calculation, ALM, hedge accounting, and treasury modules.