Large UK Insurers to Report Daily Cash Positions During Crises Under New Proposals December 11, 2024 Large British life insurers would need to report their liquidity positions daily during market crises under new rules proposed on...
Britain Proposes Diversity and Misconduct Rules for Financial Services Firms September 25, 2023 By Huw Jones Britain’s financial regulators proposed guidance on Monday for financial firms to tackle sexual harassment and bullying, along with new requirements...
BOE’s Bailey Says UK’s Reforms of Insurance Capital Rules Increase Failure Risk by 20% March 7, 2023 By Tom Metcalf The governor of the Bank of England has told lawmakers that the UK government’s plans to reform insurance capital rules...
Post-Brexit Insurance Reform Expected Before December: BoE’s Woods February 21, 2023 By Huw Jones The Bank of England sought on Monday to allay fears among insurers that it was dragging its feet over a...
UK Government Seeks to Speed Up Post-Brexit Insurance Reforms February 10, 2023 By Katherine Griffiths The UK government is in talks to speed the implementation of a flagship insurance reform to release £100 billion ($121...
UK Parliament Seeks Power to Scrutinize Financial Services Regulators January 25, 2023 By Katherine Griffiths Britain’s financial regulators would face more scrutiny over their policies for consumers and the economy from Parliament under proposals from...
UK Insurers Fear That Promised Brexit Capital Reforms Will Be Derailed January 23, 2023 By Katherine Griffiths Insurers loved the UK government’s long-awaited plans to free up billions of pounds of their capital. But after the celebrations...
UK Government Pushes Forward With Long-Awaited Insurer Reforms November 18, 2022 By Katherine Griffiths and William Shaw After years of fraught debate between regulators, insurers and the Treasury, Jeremy Hunt confirmed Thursday that the government would push...
UK Insurers Provide Test Case for Post-Brexit ‘Unshackling’ From EU Capital Rules November 17, 2022 By Huw Jones and Carolyn Cohn The British government and the Bank of England are reforming insurers’ capital rules, seen as a post-Brexit test of UK...
Bank of England Chief Questions Government Plan for Post-Brexit Financial Rules November 17, 2022 Bank of England Governor Andrew Bailey took the British government to task on Wednesday over its plan to give itself...