The insurer was placed into full liquidation in November 2018
Climate change is becoming increasingly important to central banks thanks to its implications for financial stability. In a forum sponsored by Amundi, Central Banking convened a panel of experts to discuss the latest innovations, regulations and…
As climate-related risks to the financial sector become increasingly understood, central banks are demonstrating their willingness to develop capabilities to analyse the impact and modify their policies. A new survey indicates a watershed for central…
Climate change is starting to revolutionise investors’ thinking about risk, says deputy chief
Insight and perspectives from the world's leaders, premier policy-makers and financiers
Located at the start of the Maritime Silk Road, the Guangdong–Hong Kong–Macau Greater Bay Area seeks to harness advanced technology and green finance to catch up with the economically advanced bay areas of New York, San Francisco and Tokyo.
2018 stress tests show weaknesses in models used by national authorities, report says
The time for talking is over, say NGFS members
Over the past five years, China has invested more than $70 billion in Belt and Road Initiative (BRI) countries, of which there are now in excess of 100. Leading Chinese and international policy-makers explain how BRI efforts are progressing. This section…
Reform of the financial system that brought about the 2007–08 financial crisis has not gone far enough and advanced and emerging market economies must find a more co-operative way forward to ensure globalisation can continue.
Firms must make contingency plans, regulators say, as Brexit deadlock continues
BoE is working with the NGFS to develop climate change scenarios as step toward stress-testing
What is the role of central banks when it comes to climate change risks?
Central bank finds “extensive weaknesses” in conduct and governance at life insurers
Firms must hold enough liquidity to insure against risky research and development
Irish financial system should prove resilient if UK quits EU without a deal, Ed Sibley says
Regulator chose not to copy and paste banking sector regulations onto insurers, says vice-chair
PBoC expands definition of systemically important firms and gains new powers
Outlook is “concerning” as losses from extreme weather hit record levels, BoE governor says
CBL Insurance to be liquidated after failing to assemble rescue plan
Proposals from PRA would hold senior managers accountable for climate change risks
Policy-makers do not fully understand “shadow banking” sector, Draghi tells ESRB
New governor also signals end to policy of forcing cap on foreign ownership of insurance firms
A genuine source of funding is needed for Europe’s capital markets union