Regulation & Compliance
A Short Digression into the Root Cause of the Financial Crash
Six years after the financial crisis, there is some common understanding of the root causes of the 2008 crash in the U.S. as well as the causes of its recessionary cousin, the 2010 banking and ...
The FSB Objective: Never Waste a Good Crisis
We have had the benefit of more than six months since the designations were announced by the Financial Stability Board (FSB), and we now also have the Oct. 9, 2013 statement by the International ...
Trust in Buffet Trumps Disclosure in Berkshire’s Annual Reports
For years, chemical maker Lubrizol filed annual reports with securities regulators that ran 80 pages or more, detailing everything from its inventory to pension obligations. Today, investors would ...
British Insurers Vow Quick Response for Flood Victims
British insurance companies told a meeting with government ministers yesterday they are prepared to act quickly to help victims of record floods that have so far caused an estimated 600 million ...
China Relaxes Investment Rules for Insurance Companies
China's insurance regulator loosened curbs on insurers' investments, scrapping ceilings on fixed- income holdings and simplifying rules to help the industry bolster returns. The China Insurance ...
Woodall, FSOC’s Insurance Expert, Approved as International Regulatory Observer
Roy Woodall, the insurance sector voting member of the Financial Stability Oversight Council, will finally be getting involved in the International Association of Insurance Supervisors (IAIS) but as ...
Automated Taxiing Technology to Boost CEOs’ Jet Safety
Cockpit technology to cut the risk of on-ground airport collisions is moving toward commercial adoption as Honeywell International Inc. targets business jets like those favored by chief executive ...
British Officials, Insurers to Meet Over Flood Recovery
British officials will hold their first meeting with insurers today on how they'll deal with record floods that have so far caused an estimated 600 million pounds ($1 billion) in damage. Cabinet ...