Bank of England Finds Non-Bank Financial Firms Pose Wider Risks in Crisis Periods December 2, 2024 Non-bank financial institutions such as hedge funds remain vulnerable to a sudden financial shock and would not all be able...
European Central Bank to Test Cyber Resilience of Banks March 10, 2023 The European Central Bank plans to test the cyber resilience of the euro zone’s top banks after a sharp rise...
UK Non-Bank Institutions (Such as Insurers) Face 1st Stress Test After Pensions Turmoil December 13, 2022 By Huw Jones and David Milliken Investment funds and other non-bank financial institutions face their first “stress test” next year to apply lessons from the near-meltdown...
Georgia Lawmakers Adopt NAIC Rules on Group Capital, Stress Tests April 7, 2022 The Georgia General Assembly this week passed a bill that adopts National Association of Insurance Commissioners’ recommendations for insurance holding...
France to Require Insurers, Banks to Run Climate Change Stress Tests in 2020 December 2, 2019 France’s financial regulator will subject banks and insurers to climate change stress tests next year, central bank governor Francois Villeroy...
EU Weighs Stress Tests to Improve Financial Firms’ Buffers Against Climate Risks November 7, 2019 The European Commission is considering stress tests and measures to force financial firms to raise their buffers against climate-change risks,...
Hiscox CEO Supports Industry-Wide Stress Test for 9/11-Scale Event July 27, 2015 By Ben Stupples UK regulators need to widen stress tests for insurers to show how the whole industry, including themselves, would respond to...
Sovereign Debt Pressure Spreads to Insurers’ Balance Sheets: A.M. Best August 10, 2011 Continuing economic weakness in Europe and the debt crisis in the United States have elevated the risk profile of U.S....