EU Regulators Call for Action to Catch Up to Potential Systemic Risk of Digital Finance February 7, 2022 By Huw Jones Rapid action is needed to update how cross-border financial services are scrutinized and consumers protected as the sector becomes digitalized...
New Public-Private Consortium Aims to Develop Protection Against Systemic Risks January 18, 2022 The Cambridge Centre for Risk Studies (CCRS) at the University of Cambridge Judge Business School is launching a new research...
Regulators Warn of Climate Change, Stablecoins as Systemic Financial Risks December 21, 2021 By Pete Schroeder Climate change, the rapid growth of “stablecoins” and financial innovations that led to frenzied trading of GameStop Corp shares early...
UK’s Pool Re Launches Advisory Group to Develop Public-Private Solutions for Systemic Risks July 8, 2021 Pool Re, Britain’s leading terrorism reinsurer, announced the launch of “Re:New,” an advisory group that will explore how to protect...
World’s Largest Insurers ‘Failing’ to Address Climate Change, Biodiversity Loss June 3, 2021 By L.S. Howard Most of the world’s largest insurers are failing to adequately address systemic risks such as climate change and biodiversity loss,...
Insurers Don’t Have Capacity to Handle Systemic Pandemic Risk: Generali CEO March 4, 2021 MILAN – Europe’s insurance industry doesn’t have the capacity to deal with the systemic risk of a pandemic and more...
Lloyd’s Launches Global Platform to Drive Resilience to World’s Systemic Risks February 8, 2021 Lloyd’s, the insurance and reinsurance marketplace, is launching “Futureset,” a new global platform and community dedicated to driving greater societal...
Federal Reserve Raises Questions Over Life Insurers’ Risk of Coronavirus Claims November 17, 2020 By Alwyn Scott U.S. life insurers face questions about their ability to cover a sudden rush of claims after the Federal Reserve highlighted...
Twitter Security Failure Prompts Call for Regulating Internet Giants as Systemic Risks October 14, 2020 By Jonathan Stempel Twitter Inc. suffered from cybersecurity shortfalls that enabled a “simple” hack attributed to a Florida teenager to take over the...
U.S. Regulator Pulls Back from MetLife’s ‘Too-Big-to-Fail’ Designation January 19, 2018 By Pete Schroeder The U.S. government and MetLife Inc. announced on Thursday they would jointly seek to dismiss an appeal over whether the...