Tech Giants’ Move into Indian Financial Services Poses Stability Risk: Central Bank July 2, 2021 By Suvashree Ghosh India’s central bank warned about the growing presence of technology giants in the country’s digital financial services and payment systems...
Institutional Investors Ignore Climate Risks Despite Bank of England Warning May 2, 2016 By Jessica Shankleman The number big investors ignoring climate change risk increased last year despite a stark warning from Bank of England Governor...
German Advisers Warn Europe’s Low Interest Rate Policies Risk Financial Stability November 12, 2015 The German government’s panel of economic advisers said on Wednesday the European Central Bank’s low interest rates were creating substantial...
Inclusion on List of Too-Big-to-Fail Insurers May Alter Business Strategy: Fitch November 10, 2015 A change to the list of globally systemically important insurers (G-SIIs) suggests the potential for being added to or removed...
Aegon, Transamerica’s Owner, Added to FSB’s List of 9 Too-Big-to-Fail Insurers November 3, 2015 By Sarah Jones Aegon NV, the Dutch owner of U.S. insurer Transamerica Corp., has been added to a list of insurers deemed systemically...
Bank of England Governor: Insurers Face Huge Exposure to Climate Change Risks September 30, 2015 By Scott Hamilton Bank of England Governor Mark Carney said UK insurers face potentially “huge” exposure to shifts in climate-change policy and Group...
FSOC’s Woodall Warns of ‘Inappropriate’ Global Influence On U.S. Policy April 28, 2015 By Ian Katz Roy Woodall, a member of the U.S. panel charged with preventing another financial crisis, said he is concerned that global...
AIG, Prudential Financial on Federal Reserve’s List of 15 Firms for Extra Supervision May 4, 2014 By Craig Torres The Federal Reserve released a list of 15 firms that merit an extra layer of supervision because they pose heightened...
Iceland Seen Threatened by Capital Flight from Its Own Citizens February 28, 2014 By Omar R. Valdimarsson Its own citizens may follow if the government doesn’t show it can lift capital controls in place since 2008 without...
Europe Insurer Trade Group Criticizes Listing Companies as G-SII’s July 19, 2013 By Chris Vellacott and Jonathan Gould Europe’s insurers criticized the approach taken by international regulators which named firms considered systemically important as they try to reduce...