Articles by Scott Hamilton, Jill Ward and Paul Gordon

Capital Rules Eased for UK Banks, Insurers in Wake of Brexit Vote

Mark Carney pledged to shore up financial stability as he warned that the risks from Britain’s shock decision to leave the European Union have started to crystallize. “There is the prospect of a material slowing of the economy,” the Bank …

US and UK to Hold Joint Exercise to Test Cyber Security of Global Financial Firms

The US and British governments will hold a joint exercise to test cyber security and information sharing arrangements involving global financial institutions, according to the UK National Computer Emergency Response Team (CERT). The initiative will not be a “war game” …

Bank of England Governor: Insurers Face Huge Exposure to Climate Change Risks

Bank of England Governor Mark Carney said UK insurers face potentially “huge” exposure to shifts in climate-change policy and Group of 20 nations need to do more to combat associated financial stability risks. “The challenges currently posed by climate change …

UK Insurance & Finance Bonuses Well Below Pre-Recession Levels: Report

UK bonus payments rose in the past year and are now just 0.1 percent below their peak before the financial crisis in 2008, according to new data from the statistics office. Surprisingly, the increase wasn’t driven by banking, which has …

UK Anti-Terrorism Proposal Would Clarify Insurance Law on Ransom Payments

The U.K. government will introduce anti-terrorism legislation this week requiring internet companies to provide user data to authorities. The bill, to be published on Nov. 26 and fast-tracked through Parliament so it becomes law before the general election in May, …