regulation
ClusterSeven : regulatory focus on spreadsheet data risks drives record profits
Increasing demands from regulators, investors and other stakeholders for stringent data management controls at financial institutions has helped ClusterSeven report record profits for 2012...
S&P : UK life insurers face hard choices in view of regulatory reforms
Standard & Poor's Ratings Services today published a report discussing its view of the ongoing regulatory changes in the U.K. life insurance market (see...
BIBA : regulation clarifications welcomed but says cost and style must be proportionate
The British Insurance Brokers’ Association (BIBA) has welcomed further clarification from the Financial Services Authority (FSA) on the transition to the new regulator, the...
BIBA : concerns with the revision of Insurance Mediation Directive
The European Commission has published a revised Insurance Mediation Directive (IMD II), outlining changes to insurance broker regulation across Europe.
The British Insurance Brokers’ Association...
BIS : volunteers get their say on how regulations are enforced
Volunteers all over the country are being urged to speak out against uncaring officialdom - but also to give credit where credit is due...
BIBA must continue to adapt and improve in order to be a leading UK trade association in the 21st Century
The British Insurance Brokers’ Association (BIBA) has appointed Deloittes to conduct a strategic review, and has warned brokers about political pressure in Europe for...
BIBA’s Eric Galbraith calls for better regulation and for government not to tax protection
The British Insurance Brokers’ Association (BIBA) has set out its Budget priorities to recognise the importance of risk management and insurance protection to assist...
Prudential is considering moving its headquarters out of the UK
British insurer Prudential said Monday that it was considering switching its headquarters out of London to avoid new European capital requirement regulations for the...
US : Supreme Court overturns California’s meat safety law
The US Supreme Court Monday overturned a California law that set strict standards for slaughtering and selling the meat of sick and injured animals.
The...
US ‘problem banks’ fall for first time since 2006
The number of US banks listed as "problems" by regulators declined at the end of June for the first time in five years, the...
EIOPA says 10% of European insurers fail stress test
About 10 per cent of European insurance companies tested do not have enough capital to withstand exceptional economic shocks, results published by the sector...
Galbraith calls for the right regulation, completion of the FSCS review by April 2012 and an industry solution to client money risks
In his opening address at BIBA’s 2011 Conference in Manchester, Eric Galbraith, BIBA’s Chief Executive, called on HM Treasury and the new Financial Conduct...
U.S. : FDIC chief Bair to leave
Sheila Bair, the feisty chairwoman of Washington's deposit insurance agency who fought the coddling of big banks in the financial crisis, announced Monday that...
Insurance brokers warn burden of regulation is bigger than tax
The British Insurance Brokers’ Association (BIBA) has warned that the regulatory burden imposed by the Financial Services Authority (FSA) on the insurance broking sector...
BIBA’s response to treasury
BIBA submits response to Treasury calling for an appropriate, proportionate and cost-effective approach to the regulation of insurance brokers.
The British Insurance Brokers’ Association (BIBA)...
ABI warns of regulatory duplication in regulatory reform
Today the ABI calls for better co-ordination between the new financial regulatory authorities, with the emphasis on transparency and accountability and a focus on...
Leading Insurance Executives and Regulators Meet at Major Geneva Association Seminar
Leading insurance executives, academics, supervisors and regulators from around the world met at the end of last week in Geneva, Switzerland, to discuss current...
Geneva Association Secretary General Looks Ahead at Insurance Issues in 2011 and Beyond
Responding to media calls, Patrick M. Liedtke, Secretary General and Managing Director of leading international insurance think tank, The Geneva Association, today outlined key...
Aon Hewitt urges trustees to formalise covenant monitoring
The guidance published by the Pensions Regulator confirms the view of Aon Hewitt, the global human resources consulting and outsourcing business of Aon Corporation,...
Insurers face new wave of regulation
The business agenda has been dominated by the latest developments in the regulation of banks. From Basel III to new European banking regulations on...
