U.K.-EU Brexit ‘Working Group’ Tasked with Fate of Insurance Policies May 2, 2018 By John Glover, Alexander Weber and Piotr Skolimowski The European Central Bank and the Bank of England have been drafted in to study the threats that Brexit poses...
Bank of England Will Soon Update Insurers, Banks on Latest Brexit Approach March 23, 2018 By Huw Jones The Bank of England said it would update banks and insurers next week on its approach to Brexit given that...
UK Government, Regulators to Examine Potential Risks from Cryptocurrencies March 19, 2018 By Huw Jones and Emma Rumney Britain’s government and regulators will look in detail at the potential risks from cryptocurrencies like bitcoin, British junior finance minister...
Bank of England Will Not ‘Go Soft’ on Enforcing EU Solvency II Capital Rules February 27, 2018 By Huw Jones The Bank of England will not “go soft” on enforcing European Union capital rules for insurers, but will look at...
Update: Messy Brexit Could Lead to ‘Contract Continuity’ Disruption for Insurers, Banks December 1, 2017 By John Glover As far as Brexit headaches go, Barclays Plc’s John McFarlane says that while his bank is on top of job...
Dangers of Messy Brexit Without Insurance Deal Highlighted by Bank of England November 28, 2017 By Stephen Morris British banks may have unanimously passed Bank of England stress tests, but that clean bill of health came with concern...
UK Financial Services Industry Pays Record Taxes, ‘Underlining Need’ for Brexit Deal November 27, 2017 By Huw Jones Britain’s financial services industry paid a record 72.1 billion pounds ($96.2 billion) in tax during the past fiscal year, PwC...
Dutch Insurers & Banks Warned to Account for Risks of Climate Change October 5, 2017 By Alessandro Speciale and Eric Roston Banks, insurers, and other financial institutions must do more to take into account the risks posed by climate change to...
UK Regulators Eye Post-Brexit ‘Interim’ Status for EU-Based Financial Firms October 2, 2017 By Huw Jones Britain’s regulators could grant interim permission for European Union investment and trading firms to continue operating in the UK after...
Bank of England Seeks Brexit Deal to Cover Derivative, Insurance Contracts September 25, 2017 By Jill Ward and Silla Brush The Bank of England said an agreement is needed as part of the Brexit process to protect the “long-term validity”...