Insurers Must Be Better Prepared for Impact of Climate Change: BoE June 8, 2022 By Carolyn Cohn and Huw Jones Insurers need to plug data gaps to be better prepared for the impact of climate change on their operations and...
Insurers, Banks Must Take Climate Action or Face Profit Hit, Higher Capital Charges: BOE May 24, 2022 By Huw Jones and Andy Bruce LONDON – Banks and insurers that fail to manage climate risks as a “first-order” issue could face a 10% to...
Central Banks, Supervisors Must Focus on Financial Resilience to Climate Change: BoE May 3, 2022 The rise in demand for coal following Russia’s invasion of Ukraine is a setback to reaching a net-zero economy by...
Dutch Bank ABN Amro Apologizes for Historical Role in Slave Trade April 14, 2022 ABN Amro apologized on Wednesday for the pain and suffering caused by the involvement of the Dutch bank’s legal predecessors...
Bank of England Begins Developing Regulatory Framework for Cryptoassets March 24, 2022 By Huw Jones and David Milliken The Bank of England on Thursday began sketching out Britain’s first regulatory framework for cryptoassets, saying that although the sector...
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,...