Regulation & Compliance
Bank of England Will Stay Vigilant in Enforcing EU Insurance Rules
The Bank of England will not "go soft" on enforcing European Union capital rules for insurers, although it will look at ways to make it easier for new entrants to boost competition in the industry, ...
China’s Anbang Insurance Backs Govt. Takeover, Pledges Commitment to Overseas Subsidiaries
Anbang Insurance Group Co Ltd said on Monday it fully supported the Chinese insurance regulator's decision to temporarily take control of the company, and remains committed to the development of its ...
Anbang Insurance Seized by Chinese Government; Founder Charged With Fraud
China's government seized temporary control of Anbang Insurance Group Co. and will prosecute founder Wu Xiaohui for alleged fraud, cementing the downfall of a politically-connected dealmaker whose ...
No Insider Trades Before Cyber Breach Disclosure, SEC Says In New Guidance
The U.S. Securities and Exchange Commission on Wednesday updated guidance to public companies on how and when they should disclose cyber security risks and breaches, including potential weaknesses ...
Global Bank Regulators in No Rush to Quash Fintech With New Rules
Global banking regulators signaled on Monday they were in no rush to adapt their rules to financial technology firms that have begun nibbling away at banks' markets. The regulators looked at how ...
U.S. Lawmakers Eyeing Federal Cryptocurrency Rules
Jolted by the global investment craze over bitcoin and other cryptocurrencies, U.S. lawmakers are moving to consider new rules that could impose stricter federal oversight on the emerging asset ...
AXIS’ A.M. Best Outlooks Revised to Negative; Struggling Insurance Arm Blamed
AXIS Capital Holdings' money-losing insurance segment has drawn the attention of A.M. Best, which revised its outlooks for the Bermuda-based carrier to negative from stable, based largely on its ...
Insurers May Not Be Able to Avoid Blockchain, Virtual Currencies ‘Sweeping Through Industry’
Insurers need to be thinking about blockchain technology and virtual currencies like bitcoin and how to approach these areas of emerging risk as they become harder to ignore, according to panelists ...