Bank of England Tells UK to Hold Insurers to Account on Infrastructure Spending September 14, 2023 By Huw Jones The government should check that insurers are spending up to 100 billion pounds ($125 billion) on Britain’s economy after their...
Bank of England Warns Against Weakening Rules for Insurers, Banks After Brexit May 17, 2019 By Huw Jones Weakening rules for banks and insurers after Brexit would be “anathema,” but Britain could change its style of regulating to...
Insurers, Banks Warned to Prepare for Market Turmoil on Brexit Day July 26, 2018 By John Glover The Bank of England is war-gaming with lenders and insurers for potential market turmoil on Brexit day. Sam Woods, the...
Fewer Than 5,000 UK Financial Services Jobs Expected to Move by ‘Day One’ of Brexit July 25, 2018 Fewer than 5,000 financial jobs might move out of Britain by “Day One” of Brexit and future relocations will depend...
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...
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 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...
Woods Named UK’s Head of Prudential Regulation, Overseeing Insurers & Banks April 11, 2016 By John Glover Sam Woods, a former U.K. Treasury official, was appointed as deputy governor for regulation at the Bank of England, replacing...
Bank of England to Rule on Risk Models as Insurers Prepare for Solvency II July 10, 2015 By Sarah Jones The Bank of England will issue its verdict in December on the models insurance companies use to quantify risk and...