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...
Britain Names Lloyd as Interim Chair of Financial Conduct Authority at ‘Pivotal Time’ February 7, 2022 By Huw Jones Britain’s finance ministry said on Friday that Richard Lloyd had been appointed interim chair of the Financial Conduct Authority from...
Cost of UK Auto Insurance in 2021 at 6-Year Low, but Cost Pressures Begin to Bite: ABI February 7, 2022 The average price paid by motorists for their motor insurance in 2021 fell to its lowest level in six years...
UK Regulator to Review ‘Crippling’ Post-Grenfell Property Insurance Costs January 28, 2022 Property insurers have forced “crippling costs” onto residents of apartment blocks in the aftermath of the Grenfell disaster, the U.K....
UK Business Closures Jump 14% as Pandemic Takes Brutal Toll on Small Firms January 27, 2022 By Andrew Atkinson Business closures in the UK jumped by 14% from a year ago in the fourth quarter as the coronavirus pandemic...
How Insurers Can Build Operational Resilience With Low-Code Application Programs January 27, 2022 By Karen Stanford The global pandemic has shown how vital it is for firms to understand the services they provide and to invest...
Owners of High-End London Restaurants Sue AXA Over Failure to Pay COVID Claims January 26, 2022 By Katharine Gemmell The owners of high-end London restaurants The Wolseley and The Delaunay sued AXA Insurance UK Plc for as much as...
UK Regulator Warns Firms to Protect Customers in Liability Management Schemes January 25, 2022 By Lucca de Paoli The UK’s markets watchdog warned it will come down hard on struggling firms that leave customers out of pocket when...