Regulation
Law firm's research critical of regulator authorisations
The Financial Services Authority has defended its approach to authorisation after research revealed a 71% time increase for companies to gain regulatory approval.
MP takes up asbestos battle
A Yorkshire MP has urged the new coalition government to back Labour proposals to establish an Employers' Liability Insurance Bureau.
ABI welcomes rejection of bank levy
The G20 finance ministers have rejected plans by the International Monetary Fund (IMF) to apply a levy to all financial institions.
FSA damaging UK insurance market by dragging heels over authorisation, claims RPC
The length of time that financial services firms are having to wait to get authorisation from the Financial Services Authority continues to climb according to law firm Reynolds Porter Chamberlain (RPC).
FSA consults on competence
The Financial Services Authority has today published proposals to strengthen its requirements on competence for individuals carrying out retail activities, while placing more emphasis on standards of ethical behaviour.
Captive insurers urged to participate in Solvency II
The Federation of European Risk Management Associations and the European Captive Insurance and Reinsurance Owners’ Association has urged captive insurers to participate in Solvency II.
Captive insurers urged to participate in Solvency II
The Federation of European Risk Management Associations and the European Captive Insurance and Reinsurance Owners’ Association has urged captive insurers to participate in Solvency II.
Groupama MD: we need to strike right balance with Solvency II
The managing director of Groupama Insurances has questioned whether the "significant distraction" of Solvency II is out of kilter with the effort needed to comply with it, and if it is just a ploy to help "fat consultants get fatter".
J P Morgan Securities fined £33.32m by FSA
The Financial Services Authority has fined J P Morgan Securities £33.32m for failing to protect client money by segregating it appropriately.
Groupama MD: we need to strike right balance with Solvency II
The managing director of Groupama Insurances has questioned whether the "significant distraction" of Solvency II is out of kilter with the effort needed to comply with it, and if it is just a ploy to help "fat consultants get fatter".
Buffett backs Moody’s at US hearing
Berkshire Hathaway’s Warren Buffett, compelled by subpoena to testify, backed Moody’s at a hearing yesterday, defending the ratings agency in which Berkshire has a holding against criticism it misled investors.
Bermuda - legal:Towards mutual recognition
Katie Tornari and David Kendall review the steps towards international compliance that Bermuda is taking to safeguard.
Rating agencies on the EC's radar as it aims to improve supervision
As part of its work on preventing a future financial crisis and strengthening the financial system, the European Commission has put forward amendments to the EU rules on credit rating agencies and launched a public consultation on reforming corporate…
Rating agencies on the EC's radar as it aims to improve supervision
As part of its work on preventing a future financial crisis and strengthening the financial system, the European Commission has put forward amendments to the EU rules on credit rating agencies and launched a public consultation on reforming corporate…
Post Magazine - 03 June 2010
Subscribers to Post can now read the latest edition online as a digital interactive e-book.
Rehabilitation - PAS 150: Kitemark conundrum
The lack of an attached kitemark to new rehabilitation code of practice PAS 150 spelled disappointment for some. In the first of two articles on the standard, Lynn Rouse explores the key issue of accreditation.
Post in print - 3 June 2010
Post reporter Leigh Jackson gives a snapshot of some of the main news stories in this week's issue of Post.
LSB continues to build referral fees evidence
The Legal Services Board has received the advice of the Legal Services Consumer Panel on referral fees.
Fitch: latest Solvency II proposals expected to increase capital requirements
Fitch Ratings says that the latest QIS5 Solvency II regulatory capital proposals may increase capital requirements for European insurers compared to earlier proposals, depending on insurers' specific characteristics.
Professional indemnity - design rules: The load of codes
With 10 new Eurocodes replacing long-established design codes for the construction industry, Martyn Francklow questions the quick changeover period and analyses their potential to generate professional indemnity claims.
Biba kicks off lobbying with Treasury meeting
British Insurance Brokers' Association chief executive Eric Galbraith has voiced his concerns over the latest wording of the Bribery Act 2010, warning the new government it must learn from its predecessor's handling of the insurance premium tax issue.
View from the top: Solvency 2 - Insurance 0
Ask me what business I am in right now and I will say 'Solvency II'. Because, when I check my diary, I see a wall of meetings geared towards ensuring Groupama's compliance with the UK version of the new European solvency and risk management regulations.
FSA extends PPI referrals
The Financial Services Authority has introduced a temporary rule to allow payment protection insurance policyholders more time to refer complaints to the Financial Ombudsman Service.
Aspen recruits ex-AIG manager to head new operattion
Aspen Insurance Holdings has appointed Heinz Eggenberger as general manager of Aspen’s new Switzerland based-general insurance business.