Big Tech May Be Required to Share Customer Data with Financial Firms December 9, 2019 By Huw Jones Google, Alibaba and other “Big Tech” companies could be forced to share data on financial services customers with banks and...
Companies in Polluting Industries Slow to Disclose Climate Change Risks: Moody’s October 22, 2019 By Nichola Groom U.S. and European companies in polluting industries rarely disclose the financial risks they face related to climate change even though...
Financial Stability Board Chair Targets Unknown Threats February 11, 2019 By Pete Schroeder The Financial Stability Board needs to commit more resources to identifying new threats while reviewing existing reforms for refinement, its...
Global Regulators Delay, Rethink ‘Too-Big-to-Fail’ Designation for Insurers November 15, 2018 By Huw Jones Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required...
Update: China Plans to Hike Number of Financial Institutions Deemed Too-Big-to-Fail October 10, 2018 By Bloomberg News Chinese authorities said they will designate more financial institutions as systemically important, a sign that policy makers are stepping up...
China’s Ping An Insurance Profits Rise 34% in First Half, Biggest in 10 Years August 21, 2018 Ping An Insurance Group Co of China , the country’s largest insurer by market value, on Tuesday reported its biggest...
Global Regulators’ Rethinking of Risk Assessment Welcomed by Large Insurers November 21, 2017 By Huw Jones Global regulators are rethinking how to assess risks in big insurance companies, marking a shift that could make life easier...
Global Regulators Expected to Drop ‘Too Big to Fail’ Test for Insurers November 14, 2017 By Michelle Price and Pete Schroeder Global financial regulators have decided to ditch a “too big to fail” gauge for assessing the riskiness of insurers, according...
Artificial Intelligence Poses Risks to Insurers, Banks, Warns Global Regulator November 1, 2017 By Huw Jones Replacing bank and insurance workers with machines risks creating a dependency on outside technology companies beyond the reach of regulators,...
Bank of England Governor Warns Investors Failing to Consider Climate Risks June 30, 2017 By Jessica Shankleman and Francine Lacqua Bank of England Governor Mark Carney said he’s concerned investors aren’t doing enough to assess threats that global warming will...