U.K.’s Pool Re Sells Terrorism Risk Catastrophe Bond February 26, 2019 By John Glover A U.K. reinsurer has sold the first terror catastrophe bond, giving investors the chance to lock in high yields in...
Urgent EU Action Needed to Address Threat of Hard Brexit, Warns Bank of England October 9, 2018 By John Glover The Bank of England ratcheted up the pressure on the European Union to help stave off the threat a no-deal...
No-Deal Brexit: A Lose-Lose for UK and EU Financial Stability August 20, 2018 By John Glover With Brexit talks back from the summer holidays, it’s worth considering one way in which failure to reach a deal...
Insurers, Banks Warned to Prepare for Market Turmoil on Brexit Day July 26, 2018 By John Glover The Bank of England is war-gaming with lenders and insurers for potential market turmoil on Brexit day. Sam Woods, the...
UK Financial Firms Need ‘Plan B’ for Inevitable Disruptions from Cyber Attack: BOE July 5, 2018 By John Glover Many U.K. financial firms don’t have a Plan B to fall back on if they’re hit by a cyber attack....
EU Needs to Prevent Brexit Threat to Derivative Contracts: BOE’s Carney June 27, 2018 By John Glover Mark Carney warned that time is running out to remove the threat that Brexit poses to trillions of pounds of...
KPMG’s Audit Work Is of `Unacceptable Standard:’ UK Regulator June 19, 2018 By Neil Callanan, John Glover and Viren Vaghela KPMG’s audit work in the U.K. is of an unacceptable standard, Britain’s accounting regulator said, fueling calls to reform the...
UK Banks Should Be on ‘War Footing’ over Rising Cyber Threats: Regulator June 13, 2018 By John Glover The Bank of England told banks to be ready for war against the mounting threat of crippling cyber attacks. “I...
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...
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...