What Is China’s Planned Financial Stability Law and How Will It Work? July 3, 2024 China is moving closer to unveiling its financial stability law, which includes setting up a fund to rescue troubled financial...
Britain to Create New Regime to Deal With Big Insurance Company Failures August 7, 2023 By Huw Jones Britain said on Wednesday [Aug. 2] it would start work on setting up new rules specially designed to prevent a...
Update: Bank Shares Rise After Credit Suisse Rescue Eases Crisis March 20, 2023 By Amanda Cooper, Tom Westbrook and John Revill U.S. banking stocks rose on Monday and Europe’s lenders recovered from a sharp early sell-off after UBS Group’s state-backed takeover...
Rethink Needed on How to Regulate Big Tech in Finance Services: BIS Official February 8, 2023 By Huw Jones A rethink is needed on how to directly regulate activities of Big Tech companies in financial services, given their size...
Tech Giants Are ‘Too Big to Fail’ Because They Host Insurers, Banks on Cloud Platforms August 20, 2021 By Iain Withers and Huw Jones More than a decade on from the financial crisis, regulators are spooked once again that some companies at the heart...
Tech Giants’ Move into Indian Financial Services Poses Stability Risk: Central Bank July 2, 2021 By Suvashree Ghosh India’s central bank warned about the growing presence of technology giants in the country’s digital financial services and payment systems...
Global Regulators Delay, Rethink ‘Too-Big-to-Fail’ Designation for Insurers November 15, 2018 By Huw Jones Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required...
Update: China Plans to Hike Number of Financial Institutions Deemed Too-Big-to-Fail October 10, 2018 By Bloomberg News Chinese authorities said they will designate more financial institutions as systemically important, a sign that policy makers are stepping up...
Global Regulators’ Rethinking of Risk Assessment Welcomed by Large Insurers November 21, 2017 By Huw Jones Global regulators are rethinking how to assess risks in big insurance companies, marking a shift that could make life easier...
Insurers Push to Keep Industry Expert Woodall on U.S. Regulatory Council April 19, 2017 By Sarah N. Lynch and Suzanne Barlyn With no sign of a replacement in the works, the U.S. insurance industry is pushing to prevent the departure of...