Capital Rules Eased for UK Banks, Insurers in Wake of Brexit Vote July 5, 2016 By Scott Hamilton, Jill Ward and Paul Gordon Mark Carney pledged to shore up financial stability as he warned that the risks from Britain’s shock decision to leave...
UK Banks Ordered to Update Cyber Security After $81M Bangladesh Bank Heist May 19, 2016 By Andrew MacAskill and Jim Finkle The Bank of England ordered UK banks to detail steps taken to secure computers connected to the SWIFT bank messaging...
Institutional Investors Ignore Climate Risks Despite Bank of England Warning May 2, 2016 By Jessica Shankleman The number big investors ignoring climate change risk increased last year despite a stark warning from Bank of England Governor...
Woods Named UK’s Head of Prudential Regulation, Overseeing Insurers & Banks April 11, 2016 By John Glover Sam Woods, a former U.K. Treasury official, was appointed as deputy governor for regulation at the Bank of England, replacing...
Bank of England Faces ‘Advanced, Persistent & Evolving’ Cyber Threats March 15, 2016 By Kit Chellel The Bank of England is frequently faced with cyber threats as hackers probe for vulnerabilities in the central bank’s computer...
California Commissioner Explains Call for Insurer Divestment from Coal February 4, 2016 By Don Jergler One can say California Insurance Commissioner Dave Jones has a beef with coal. Jones made a bold move on Jan....
Bank of England’s Bailey Is Surprise Choice for Chief of U.K. Regulator, FCA January 26, 2016 By Suzi Ring Bank of England Deputy Governor Andrew Bailey will become the new chief executive officer of the U.K. Financial Conduct Authority,...
El Ni帽o Helped Reduce Natural Catastrophe Losses in 2015: Munich Re January 4, 2016 By Jonathan Gould Insurers paid out around $27 billion for natural disaster claims last year with weather causing 94 percent of incidents, underscoring...
U.K. Insurance Bill for Solvency II Regulation Compliance Hits $4.5 Billion December 18, 2015 By Sarah Jones U.K. insurers have invested at least 拢3 billion ($4.5 billion) to be compliant with new European Union capital rules, known...
Group of UK Insurers Win BOE Approval for Solvency II Capital Requirements December 7, 2015 By Sarah Jones Prudential Plc, Aviva Plc and Legal & General Group Plc are among large U.K. insurers to win Bank of England...