Andrew Bailey, CEO of the Financial Conduct Authority, will take over from Mark Carney as governor of the Bank of England in March.
The government will take steps to ensure long-term market access for UK and Gibraltar financial services firms, according to a Queen’s Speech briefing document.
The government has outlined plans for a capped compensation scheme for Thomas Cook customers suffering “the most serious hardship” from injuries or illness.
The Bank of England is consulting on proposals for its 2021 Biennial Exploratory Scenario exercises, which will test the resilience of banks and insurers to various climate scenarios.
Hastings’ former group chief financial officer, Richard Hoskins, will join BGL as an independent non-executive director in January.
Former Zurich CEO for EMEA and global banking partnerships and Axa UK and Ireland CEO, Amanda Blanc is joining insurtech Trov as a senior adviser.
Unrated Danish insurer Gefion Insurance must have liquid assets of at least €5m by the end of the year amid fears by the regulator that the company has “serious liquidity problems.”
The Information Commissioner’s Office will be hoping that procedural bungles do not jeopardise its proposed audit and fines of Eldon Insurance and Leave EU, after its legal counsel was forced to admit standards had fallen “well below” expectations, Post…
Arron Banks’ group of companies take a “two-faced approach” to regulation and the Information Commissioner’s Office should be allowed to maintain its fines and audit against Leave EU and Eldon, a tribunal heard.
Eldon Insurance brand Go Skippy sold 788 policies via Leave EU marketing emails, which were later branded as contravening regulation by the Information Commissioner’s Office.
ICO fines and enforcement action ‘significant and novel extension’ of regulatory powers: Eldon and Leave EU
Eldon Insurance and Leave EU fines totalling £105,000 and a data audit against the broker levelled by the Information Commissioner’s Office are “divorced from reality,” a tribunal heard yesterday.
Former Esure deputy chair Shirley Garrood is no longer a director at the insurer, Post can reveal.
For a market suffering from serious reputation issues when will insurance learn it must start making serious changes?