Insurance
Trinidad and Tobago governor looks to empower ombudsman
The governor of the Central Bank of Trinidad and Tobago outlines plans to tackle financial inclusion; hopes to legally equip ombudsman and improve financial literacy
Irish deputy assesses Solvency II implementation in Bermuda
Matthew Elderfield examines application of Solvency II regulations to Bermudan insurance market; says Bermuda is making “extremely good progress” towards compliance
Lithuanian Supervision Service gets new powers
Board of Lithuanian central bank grants Supervision Service right to exercise powers to supervise non-banking financial institutions
Ireland replaces credit institutions supervisor
Jonathan McMahon announces decision to return to the UK; Fiona Muldoon, director of insurance supervision to assume responsibility for the supervision of credit institutions
Dutch working paper investigates risk preferences
Netherlands Bank working paper provides new field of evidence on risk preferences over small stakes
Bank of Japan adds to Tankan survey pool
Japanese central bank refreshes companies and financial institutions that make up the sample group for the influential survey; adds 102 enterprises and five financial institutions
Solvency II may face delay as European Parliament scrutinises ‘Omnibus’ directive
A further delay to a key vote in the European Parliament on the Omnibus II directive has increased concerns that Solvency II's implementation in 2014 could be delayed
New chair for Basel Joint Forum
Basel-based Joint Forum on issues common to the banking, securities and insurance sectors selects new head
Insurance companies’ characteristics key to regulation: BoJ’s Shirakawa
Bank of Japan governor Masaaki Shirakawa says insurance companies’ long-term liability structure should be considered when reforming regulatory frameworks
MAS’s Kiang on opportunities to broaden insurance coverage in Asia
Monetary Authority of Singapore deputy chairman Lim Hng Kiang says insurance penetration remains relatively low in Asia
Singapore’s Shanmugaratnam highlights growth opportunities in Asian insurance markets
Monetary Authority of Singapore chairman Tharman Shanmugaratnam says untapped resources remain in Asia’s insurance markets
ECB lifts lid on shadow-banking activities
New statistics based on broad data collections will improve euro area reporting for financial institutions that fall outside traditional monitoring frameworks
Malaysia’s Jaganathan highlights importance of supervision on insurance firms
Bank Negara Malaysia assistant governor Donald Jaganathan says insurance firms are not insulated from uncertainties of financial system
RBNZ Bulletin – December 2010
Reserve Bank of New Zealand bulletin features articles on regulating non-bank financial firms
Basel Committee sets out principles for deposit insurance
Basel Committee on Banking Supervision outlines principles on the scope, operation and legal dimensions of deposit insurance systems
Philly Fed: school failure insurance reduces dropout rates
Philadelphia Federal Reserve study says introduction of insurance against college failure risk could increase retention rate
US Treasury slashes forecast for cost of Tarp
US Treasury estimates cost of government bailout at $30 billion, less than a tenth of original forecast
Trinidad and Tobago’s central bank faces legal action over bankrupt insurance giant
Disgruntled policyholders of failed insurance giant Clico demand compensation from Central Bank of Trinidad and Tobago over what they see as deficiencies in oversight
Isoard to head International Association of Deposit Insurers
International Association of Deposit Insurers appoints former governing board member of Mexico's deposit protection agency Carlos Isoard as next secretary general
Kosovo’s incarcerated governor hit with fresh charges
Kosovo’s central bank governor Hashim Rexhep charged with allegedly abusing official position and receiving bribes
Singapore moots expanding deposit guarantees
Monetary Authority of Singapore proposes extending scope and limit of deposit protection as it nears exit from an emergency guarantee adopted at the height of the crisis
Iceland shows need for pan-EU supervisory approach
The Icelandic experience in the current crisis shows that the European Union's (EU) arrangements for cross-border banking supervision and deposit insurance need urgent strengthening, a new paper from Robert Wade, a professor of political economy at the…
Reserves good insurance for emerging markets
Accumulating foreign-exchange reserves remains "pretty good insurance" for emerging markets, new research from Deutsche Bank posits.