UK Proposals for Financial Services ‘Unacceptable:’ EU Brexit Negotiator July 1, 2020 By Huw Jones LONDON – British proposals to give the City of London access to the European Union are “unacceptable” because they seek...
Bank of England Tells Insurers, Banks to Continue Analyses of Impact of Climate Risk June 29, 2020 By Huw Jones The Bank of England (BoE) has told banks and insurers to press ahead with analyzing the impact of climate change...
SoftBank May Sue Wirecard Accountant EY; EU Probes Germany’s Regulator June 26, 2020 By Jan Strupczewski and Huw Jones The European Union is investigating Germany’s financial regulator over the collapse of payments company Wirecard in a rare move that...
UK, EU Likely to Miss Deadline for Accessing Financial Services After Brexit: Sources June 24, 2020 By Huw Jones Britain and the European Union are set to miss their end-June deadline for assessing future cross-border trade in financial services,...
China Pacific Insurance Co.’s Shares Rise on $1.8 Billion London Market Debut June 17, 2020 By Huw Jones and Abhinav Ramnarayan Shares in China Pacific Insurance Co. (CPIC) rose on their London debut on Wednesday after the company completed the largest...
British Regulator Enlists 8 Insurers in Pandemic Test Case of Business Interruption Cover June 1, 2020 By Huw Jones and Carolyn Cohn Insurers including Hiscox, RSA and QBE will take part in a UK test case to decide whether their policies should...
UK Financial Services Firms Weigh Options for Post-Coronavirus Work Arrangements May 12, 2020 By Huw Jones Many of the City of London’s bankers and traders will be working from their kitchens or bedrooms for at least...
National Governments Must Help Provide Insurance for Future Lockdowns: EU Regulator May 11, 2020 By Huw Jones National governments must help provide insurance cover for future lockdowns, the industry’s European Union regulator said on Monday, as the...
Forced Payouts of Pandemic Claims Risk Insurers’ Financial Stability: Regulators May 7, 2020 By Huw Jones and Carolyn Cohn Forcing retroactive payouts to cover business disruption losses resulting from the coronavirus pandemic could ultimately put financial stability at risk,...
UK Regulator Wants Courts to Clarify Wording of Disputed Business Interruption Policies May 1, 2020 By Huw Jones and Carolyn Cohn Britain’s financial watchdog said on Friday it would urgently ask the courts to clarify uncertainty over whether businesses can claim...