Sanctions Against Russia ‘Manageable’ for UK Insurers, Banks: Regulator March 9, 2022 By Huw Jones Sanctions against Russia in response to its invasion of Ukraine are “manageable” for Britain’s insurers and wider financial sector, Bank...
IMF Warns Britain About Relaxing High Regulatory Standards for Insurers, Banks February 23, 2022 By Huw Jones A push to make London more attractive as a global financial center after Brexit must not threaten high standards of...
Working From Home Could Hurt Women’s Careers: Bank of England’s Mann November 16, 2021 By David Milliken Women who work mostly from home risk seeing their careers suffer now that significant numbers of workers are returning to...
Bank of England to Push Banks, Insurers on Climate Risk Capital Requirements October 29, 2021 By Huw Jones The Bank of England will crack down from next year on banks and insurers that do not hold enough capital...
New Rules Needed to Deal With Risks From Cloud Computing: Bank of England October 11, 2021 By Huw Jones New rules will be needed to deal with operational risks from banks relying on outsourced “cloud” computing from Amazon, Google,...
Bank of England Launches Climate Change Stress Test for Insurers, Banks June 8, 2021 By Huw Jones The Bank of England on Tuesday set out its first comprehensive stress test of the ability of the British financial...
Bank of England Warns of Potential Risks from Cloud Data Providers April 21, 2021 LONDON – The Bank of England might strengthen its controls on cloud data providers and other technology firms to counter...
Britain Shouldn’t Blindly Adopt EU Rules Just to Keep Business in London: BoE’s Brazier March 30, 2021 By Rachel Armstrong and Huw Jones LONDON – Britain should not be “short-sighted” and copy European Union rules just to keep financial activity in London, Bank...
UK Insurers Not Likely to See Cuts in Capital Requirements After Brexit: Bank of England February 10, 2021 By Huw Jones The Bank of England told insurers on Wednesday not to expect any big reduction in capital requirements after Brexit, adding...
UK Must Avoid Being a ‘Mere Taker’ of EU Financial Services Rules in Return for Access January 8, 2021 By Andy Bruce and Huw Jones Britain should not submit to the European Union’s financial services rules just to get better access to the bloc’s market...