Lloyd’s Must Demonstrate Progress in Tackling Sexual Harassment: Bank of England June 19, 2019 By Will Hadfield The Bank of England called for Lloyd’s of London to demonstrate progress in tackling the insurance market’s culture of sexual...
Bank of England Warns Against Weakening Rules for Insurers, Banks After Brexit May 17, 2019 By Huw Jones Weakening rules for banks and insurers after Brexit would be “anathema,” but Britain could change its style of regulating to...
Bank of England to Issue Rules for How Banks, Insurers Should Manage Climate Risk March 22, 2019 By Andy Bruce and David Milliken The Bank of England will soon spell out how it wants banks, insurers and investment companies to manage the financial...
UK Insurers, Banks to Get Regulatory Transition Period in Event of Hard Brexit March 1, 2019 By Huw Jones British regulators will give banks, asset managers, insurers and brokers until mid-2020 to fully comply with rules that replace European...
Bank of England Pressures EU to Deliver No-Deal Brexit Fix for Financial System November 20, 2018 By Silla Brush The Bank of England turned up the pressure on the European Union to deliver legislation within weeks to avert a...
UK Insurers, Banks Need ‘Credible Plans’ for Climate Change Risks: Bank of England October 15, 2018 By Huw Jones Britain’s banks and insurers must come up with credible plans for protecting themselves against risks from climate change and may...
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...
EU Watchdogs Step Up Plans to Avert Market Meltdown from No-Deal Brexit October 5, 2018 By Silla Brush, Boris Groendahl and Alexander Weber After months listening to the U.K. warn about the risks posed by a no-deal Brexit, European Union financial regulators are...
UK’s Tesco Bank Slapped with $21.4M Fine for ‘Foreseeable’ Cyber Attack in 2016 October 1, 2018 By Huw Jones Britain’s markets watchdog has fined Tesco 16.4 million pounds ($21.4 million) for failing to protect account holders at its bank...
UK Is Facing Messy, No-Deal Brexit, Warns Trade Secretary Fox August 6, 2018 By Alex Morales Prime Minister Theresa May’s ministers are ratcheting up warnings that Brexit talks risk ending in failure, with International Trade Secretary...