Growing Number of UK Insurers Cancel Dividends Amid COVID-19 Concerns April 8, 2020 By Sinead Cruise and Muvija M British insurers canceled more than 1 billion pounds ($1.2 billion) of dividends on Wednesday, in moves welcomed by the Bank...
Bank of England Enhances Scrutiny of Lloyd’s Whistleblower Systems December 23, 2019 The Bank of England has stepped up its monitoring of Lloyd’s of London’s whistleblowing systems, the central bank said on...
EU Dismisses UK Concerns About Post-Brexit Continuity of Insurance Contracts July 12, 2018 By Alexander Weber and Silla Brush The Bank of England’s warning that Brexit threatens trillions of pounds of financial contracts is falling on deaf ears in...
UK Banks Should Be on ‘War Footing’ over Rising Cyber Threats: Regulator June 13, 2018 By John Glover The Bank of England told banks to be ready for war against the mounting threat of crippling cyber attacks. “I...
Lawmaker Calls for UK to Uphold Financial Services Competitiveness After Brexit June 8, 2018 By Huw Jones Britain’s financial regulators should have a formal objective to keep London’s banking and insurance sectors globally competitive after Brexit, a...
Bank of England Will Not ‘Go Soft’ on Enforcing EU Solvency II Capital Rules February 27, 2018 By Huw Jones The Bank of England will not “go soft” on enforcing European Union capital rules for insurers, but will look at...
UK Could Lose 75,000 Insurance, Banking Jobs as a Result of Brexit: Regulator November 1, 2017 By John Glover Sam Woods, Britain’s top banking regulator, said a consultancy’s estimate that Brexit could cause as many as 75,000 job losses...
UK Insurers Face Looming Brexit Deadline to Move Contracts with EU Clients August 30, 2017 By Huw Jones and Carolyn Cohn Insurers in Britain face crunchtime within weeks if the government and the European Union do not allow millions of cross-border...
Post-Brexit Implementation Period ‘Desirable’ for UK, EU Firms: Bank of England August 9, 2017 By Huw Jones The Bank of England said a transition period after the Britain leaves the European Union would give banks more time...
UK Regulator to Extend Senior Manager Conduct Rules to All Finance Firms July 26, 2017 By John Glover UK regulators set out plans for ensuring senior staff of financial-services firms can be held to account for misconduct on...