Britain and EU Sign Post-Brexit Cooperation Pact in Financial Services June 29, 2023 By Huw Jones Britain and the European Union signed a long-delayed post-Brexit cooperation pact in financial services on Tuesday, but the rapprochement is...
New G20-Backed Global Rules Aim to Clamp Down on Corporate Greenwashing June 26, 2023 By Huw Jones and Simon Jessop Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global...
Insurer Capital Rule Changes in UK to Start by End of 2023, Finance Ministry Says June 22, 2023 By Huw Jones Britain’s finance ministry said on Thursday that the first batch of post-Brexit reforms to “Solvency II” capital rules for insurers,...
Bank of England Launches First Sector-Wide Liquidity ‘Stress Test’ June 20, 2023 By Huw Jones The Bank of England has launched its first system-wide liquidity ‘stress test’ to establish how big banks, insurers, clearing houses...
EU Sets Out Plans to Cut Price of Financial Products Offered by Banks, Insurers May 24, 2023 By Huw Jones The European Union set out plans on Wednesday to cut how much retail investors pay banks and insurers for financial...
Analysis – EU Power Battle Could Hamper Proposed Safeguards for Financial Products May 24, 2023 By Huw Jones European Union plans to increase protections for consumers of financial services are reigniting a long-simmering power battle between national and...
Crypto Should Be Regulated as Gambling, UK Lawmakers Say May 17, 2023 By Huw Jones Bitcoin, ether and other cryptocurrencies should be regulated as gambling given the significant risks they pose to consumers, a panel...
EU Plans Tough ‘Value for Money’ Rules for Investment Products: Draft Proposals May 9, 2023 By Huw Jones Banks, insurers and asset managers in the European Union would only be allowed to sell funds and other products across...
EU Lawmakers Back Human Rights, Environmental Checks for Big Companies April 26, 2023 By Huw Jones European Union lawmakers on Tuesday backed rules requiring thousands of large companies to identify and mitigate human rights abuses like...
Crypto Must End Anonymity for Illicit Finance, U.S. Regulator Says April 26, 2023 By Huw Jones Anonymity is allowing crypto assets to finance illegal activities, a top U.S. regulatory official said on Tuesday, posing national security...