Insurance
New joint website De Nederlandsche Bank & PVK
A new joint website of De Nederlandsche Bank (DNB) and the Pensions and Insurance Supervisory Authority for the Netherlands (PVK) has been created. Both organisations expect to be merged under the name of De Nederlandsche Bank.
RBI governor to lead market surveillance panel
The Reserve Bank of India has formed a high power committee headed by the governor for integrated market surveillance and alert systems. The committee is to strengthen market supervision and monitoring.
EU to base regulators in London and Frankfurt
European Union finance ministers agreed on Tuesday 20 January to base two new financial regulatory committees in London and Frankfurt.
Riksbank's Srejber on financial delegation
Eva Srejber of the Sveriges Riksbank said on 2 November that there is evidently a need to review the institutional framework regarding the mutual life insurance companies. It is not sufficient to have a general requirement for them to reorganise…
IAIS launch improved website
The International Association of Insurance Supervisors (IAIS) has launched its new improved website at www.iaisweb.org. The website includes an extensively improved navigation and information layout, an elegant new design, information on forthcoming…
IAIS expands core principles for insurance
The International Association of Insurance Supervisors (IAIS) has revised and expanded its Insurance Core Principles and Methodology, offering new guidance for the effective operation of supervisory systems around the world. The 28 principles cover all…
HKMA and Insurance Authority sign MoU
The Hong Kong Monetary Authority and the Insurance Authority (IA) have signed a Memorandum of Understanding(MoU) which aims to enhance the co-operation, exchange of information and mutual assistance between the two authorities.
Large on convergence in insurance and banking
In a speech on 'Convergence in Insurance and Banking: Some Financial Stability Issues' Andrew Large of the Bank of England said the data deficiencies we confront today where the actual location of risk is so opaque is a major challenge. Better…
Greenspan testimony on deposit insurance
SPEECH - In testimony titled 'Deposit insurance' Alan Greenspan of the Federal Reserve reiterated the central bank's opposition to raising the $100,000 limit on deposit insurance coverage, saying there would be no "clear public benefit" to the move.
Minutes show Fed worried over deflation
The Federal Reserve cut interest rates last month as extra insurance against deflation and the chance that the economy's stumble this summer could become something worse, according to Fed meeting minutes released on Thursday.
San Francisco Fed chief expects recovery next year
US - Following the Federal Reserve's half point interest rate cut last week Robert Parry said in a speech on Wednesday that the Fed thought it was wise to "take out a little insurance" to keep the expansion going.
MAS Guidelines on Sound Risk Management Practice
REPORT - On 30 October the Monetary Authority of Singapore published its Guidelines on Sound Risk Management Practices. This set of guidelines aims to provide banks, merchant banks, finance companies and insurance companies (referred to collectively as …
Russian c bank challenges politicians on reform
RUSSIA - A day after the government cancelled Thursday's Cabinet session on two key financial initiatives - liberalizing currency control and the introduction of deposit insurance - a top central bank official declared the time has come to test the…
Yugoslavian Dinkic spoke at Finance Fair on Monday
YUGOSLAVIA - International Finance Fair Finmar, gathering bankers, brokers, auditors, consultants, insurance and other companies, opened today in Novi Sad. Governor of the Central Bank of Yugoslavia Mladjan Dinkic said at today's opening that Yugoslavia…
Irish central bank accused of acting like Rambo
IRELAND - Insurance brokers have accused the Central Bank of acting as a 'Rambo regulator' which discriminates against smaller brokerage operations.
Central Bank of Iceland Governor resigns
ICELAND - Central Bank of Iceland Governor Finnur Ingolfsson has been appointed Chief Executive Officer of the insurance company VS Ltd and has resigned as Governor of the Central Bank of Iceland.
Ireland's central bank launches insurance guide
IRELAND - A new information leaflet for consumers about buying investment and insurance products was launched by the Irish central bank on Tuesday.
Speech by DPM Lee Hsien Loong, Singapore, 15 July
SPEECH - In the speech titled 'Best practices in insurance regulation' Loong said that "MAS will continue to work together with the insurance industry to achieve international best practices and standards. Over the past two years, MAS has worked hard to…
Financial regulation change brought closer for EU
BELGIUM - European Union finance ministers will tomorrow discuss a radical shake-up of banking and insurance regulation in an effort to bolster Europe's defences against future financial crises.
China reaffirms separation of banking, regulation
CHINA - The People's Bank of China, the country's central bank, has turned down the calls for removal of the wall between the banking, insurance and securities sectors, reaffirming that the wall will remain there for now.
Testimony of Fed Chairman Alan Greenspan, 23 Apr
TESTIMONY - Federal Reserve Chairman Alan Greenspan told the Senate Banking Committee Tuesday that the board opposes proposals in Congress to raise deposit insurance coverage above its current cap of $100,000 per account.
Allocating Bank Regulatory Powers
RESEARCH - Research paper by Charles M Kahn of the University of Illinois at Urbana-Champaign and Joao AC Santos of the Federal Reserve Bank of New York.
Interview with a regulator
FEATURE - Interview with Jeremy Cox, Supervisor of Insurance, Bermuda Monetary Authority. Originally published in the Asia Insurance Review on Monday.
Speech by Svein Gjedrem of Norges Bank, 14 Mar
SPEECH - In a speech titled 'Monetary policy and wealth management' Gjedrem said "The Norwegian loan and capital market probably has weaknesses nevertheless, with thin securities markets and little breadth in investor and owner environments compared with…