International
G20 Regulators Give ‘Shadow Banks’ Until 2015 to Comply with Global Rules
The $60 trillion "shadow banking" sector has been given until 2015 to fully comply with its first set of global rules, after an international regulatory task force unveiled plans to curb risk without ...
Ackermann Exit at Zurich Insurance Leaves Investors with Questions
Josef Ackermann's abrupt resignation as chairman of Zurich Insurance Group AG days after the suspected suicide of its finance chief sent the insurer's shares tumbling and left investors grasping for ...
Bermuda’s New Insurer Registrations Up 81% For First-Half 2013
The Bermuda Monetary Authority has registered 47 new insurers for the period ending July 2013. This is an 81 percent increase from the 26 insurers registered over the same period in 2012. A total of ...
G20 Body Says U.S. Could Improve Financial Risk Spotting
The United States could improve how it spots and prevents risks in the financial system from turning into destabilizing crises, a global regulatory task force said on Tuesday. The Financial Stability ...
Zurich Board Chairman Resigns Following CFO’s Suicide
Josef Ackermann, the former Deutsche Bank boss, resigned on Thursday as chairman of Zurich Insurance over the apparent suicide of the Swiss insurer's chief financial officer. Ackermann said the ...New York Regulator Eyes Lloyd’s Internal Probe in Iran Sanctions Inquiry
A New York regulatory investigation of Lloyd's of London for possible violations of Iran sanctions law has led to a government request for files of an internal probe by the insurer, a person familiar ...
Global Sea Level Rise Dampened by Australia Floods
When enough raindrops fall over land instead of the ocean, they begin to add up. New research led by the National Center for Atmospheric Research (NCAR) shows that when three atmospheric patterns ...
Zurich Insurance CFO Wauthier Committed Suicide, Zug Police Say
Pierre Wauthier, chief financial officer of Zurich Insurance Group AG, probably committed suicide at his home, according to police. He was 53. An autopsy to determine the cause of death "clearly ...