Insurers, Banks Must Take Climate Action or Face Profit Hit, Higher Capital Charges: BOE May 24, 2022 By Huw Jones and Andy Bruce LONDON – Banks and insurers that fail to manage climate risks as a “first-order” issue could face a 10% to...
Rise of Remote Work to Define Future of City of London May 18, 2022 By Tom Metcalf More than 85% of UK finance workers no longer view the office as their main place of work, highlighting the...
UK’s Terrorism Reinsurer Pool Re to Reduce Reinsurance Pricing for Insurers May 10, 2022 Pool Re, Britain’s leading terrorism reinsurer, announced the most significant reduction in its reinsurance pricing in 20 years. The reduction,...
Britain Aims to Bolster Competitiveness in Financial Services With Nimbler Regulation May 10, 2022 By Huw Jones Britain said on Tuesday it will require its regulators to help the City of London remain a globally competitive financial...
Pay for UK Financial Services Workers Surges at Double National Rate May 4, 2022 By Reed Landberg Pay for financial services workers in the UK has surged at double the pace for the rest of the economy...
Britain Proposes Post-Brexit Relaxation of Solvency II Capital Rules for Insurers April 28, 2022 By Huw Jones Britain launched public consultation on Thursday for a post-Brexit relaxation of capital rules for insurers, in a step the government...
UK Car Insurance Premiums Reached 18-Month High in 1st Quarter: Survey April 21, 2022 The cost of a comprehensive car insurance policy in Britain touched an 18-month high in the first quarter and will...
UK Regulator Sets Diversity Targets for Top Executives, Boards April 20, 2022 By Katherine Griffiths The Financial Conduct Authority has set UK-listed companies three diversity targets, including a goal for at least 40% women on...
UK CFOs Expect High Inflation to Cut Profit Margins: Deloitte Survey April 19, 2022 By David Milliken More than seven out of 10 chief financial officers (CFOs) at Britain’s biggest companies expect high inflation to reduce their...
Staff at UK Financial Conduct Authority Vote to Strike Over ‘Unacceptable’ Pay Reforms April 14, 2022 By William Shaw Staff at the UK Financial Conduct Authority have voted to go on strike for the first time in a dispute...