Bank of England Staff Paper: UK and US Life Insurers Diverge on Corporate Bonds
A Bank of England staff working paper examines how UK and US monetary policy shocks affect life insurers’ demand for UK corporate bonds, with…
Topic
Compliance
EIOPA Opens Consultation on Draft Supervisory Statement for IBIP Sales
EIOPA has placed a draft Supervisory Statement on the supervision of IBIP sales processes and pre-contractual disclosures in public consultation.
Prudential Life Japan Publishes Report on Inappropriate Monetary Conduct
Prudential Life Insurance Co., Ltd. has published a Special Investigation Committee report on Inappropriate Monetary Conduct, with details on discipline, reimbursement and reforms the…
EIOPA Highlights Financing, Reinsurance and Governance for PE-Backed Insurers
EIOPA has published a supervisory statement addressed to national supervisors on private equity-backed insurers, with areas from financing to governance.
APRA Says “Getting the Balance Right” Is Not About Reducing Standards
APRA reviews a year of its “Getting the balance right” objective and says it is not about reducing standards.
OSFI’s Routledge Says Earthquake Goal Is Some Form of Pre-Planned Resolution
OSFI's Peter Routledge said the goal is not a “backstop” but some form of pre-planned resolution framework for earthquake risk, and discussed OSFI's role…
Singapore Regulator Opens Consultation on Director Independence and Board Composition
MAS proposes targeted updates to corporate governance rules for banks, insurers and designated financial holding companies.
East African Regulators Agree to Harmonize Insurance Supervision, Approve Sandbox
EAISA regulators from Burundi, the DRC, Kenya, Rwanda, Tanzania and Uganda meeting in Nairobi adopted a common ICP assessment template, backed shared supervisory software…
EIOPA Calls Heatwaves the Deadliest Climate Hazard Facing Europe’s Insurance Sector
EIOPA has identified extreme heat as the leading climate-related liability risk for Europe's life and health insurers and pension providers. A new risk-scoring framework…
FCA Secures Bankruptcy Order Against Broker Arthur Temlett of Abacus
The FCA says a Scottish court has made insurance broker Arthur Temlett, trading as Abacus Insurance Consultants, bankrupt, with a trustee now handling the…