News & Commentary

Bank offers new guidance on managing climate risks

New guidance to help regulated firms manage climate-related financial risk has been published by the Bank of England's Climate Financial Risk Forum (CFRF) in advance of next week's COP26 conference opening in Glasgow. This is aimed at all financial services firms, including insurers and asset managers.

Insurers welcome proposal for Green Bond Standard as demand lifts off

The steady growth of the green bond market has accelerated during 2021 and is set for a further boost as the European Commission (EC) takes another step towards establishing standards for green bonds.

Europe unveils Solvency II reforms

The long-awaited overhaul of the Solvency II regime moved a step closer this week when the European Commission published proposals it claims could release as much as €90bn of capital currently held by insurers.

PRA restates its determination for the UK not to become regulatory rule-takers

The chief executive of the Prudential Regulation Authority (PRA), Sam Woods, has used his response to the recent Treasury Select Committee report on the future regulatory framework for UK financial services to reiterate its belief that the UK must not become a “rule-taker” following Brexit.

Adapting to the new realities of the credit cycle

There are many reasons why the credit cycle will never look the same again as the Covid-19 pandemic has added new layers of central bank intervention on top of the legacy interventions from the global financial crisis.

Government ups pressure on insurers to back infrastructure plans

The Prime Minister and Chancellor of the Exchequer have joined forces to challenge UK institutional investors to invest a greater proportion of their capital in long-term UK assets.


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