The BoE approach to Solvency II

Geoff Maddock,  partner Email | Profile tel: +44 20 7466 2067 mobile: +44 7785 255016 By Geoff Maddock, corporate insurance partner A speech by Sam Woods of the Bank of England (BoE) says a lot about its approach to Solvency II and leaves a lot… Read more

UK: FPC seeks new macro-prudential tools

The Bank of England’s Financial Policy Committee (FPC) has recommended that HM Treasury should exercise its statutory power to prescribe two new macro-prudential measures, thereby granting the FPC powers of direction in the residential mortgage market, covering both owner-occupied and… Read more

UK: Banking Standards Review

Sir Richard Lambert has today published a report with his recommendations on plans for a professional body, to be known as the Banking Standards Review Council (BSRC), to contribute to a continuous improvement in the behaviour and competence of all banks… Read more

Corporate Crime Update – April 2014

Welcome to the April 2014 edition of our corporate crime update – our round-up of developments in relation to corruption, money laundering, fraud, sanctions and related matters. Our update now covers a number of jurisdictions. For the full update on… Read more

UK: PRA Board members appointed

The Court of the Bank of England has announced the appointment of three independent directors to the Board of the Prudential Regulation Authority (PRA) which will be responsible for the safety and soundness of banks, insurance companies and major investment… Read more

Safety and soundness in 30 questions?

In a speech today on "The new approach to insurance regulation and the implementation of Solvency II", the FSA said:  "Supervisors will be expected to be able to answer 30 questions about the firms which they supervise; these answers will… Read more

The FPC’s new tools

The interim Financial Policy Committee (FPC) has recommended that the following macro-prudential tools should be made available to the statutory FPC in order to meet its proposed objective: counter-cyclical capital buffers: adjusting required capital ratios through a time-varying capital buffer… Read more