Regulation & Compliance
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 ...
U.S. Banks’ $100 Billion Legal Tab for Financial Crisis Exceeds Combined Profit
The six biggest U.S. banks, led by JPMorgan Chase & Co. and Bank of America Corp., have piled up $103 billion in legal costs since the financial crisis, more than all dividends paid to ...
Future Profit Projections: Moody’s Analysis of Commercial Combined Ratios
Given the current level of commercial insurance price increases, which are outpacing loss ratio trends, analysts at Moody's Investors Service forecast that underwriting margins will also continue to ...
Commercial Insurance Rate Hikes Continuing; WC Profit Ahead in ’14: Moody’s
Moody's expects property/casualty commercial insurance rate hikes to continue for the balance of the year, making 2013 the third straight full year of rising rates for commercial lines carriers, ...
What’s Wrong With a Solvency II Approach to P/C Solvency Regulation?
Solvency II (SII) is a European initiative intended to bring a more coordinated, consistent and modern approach to solvency regulation of insurance companies. It involves changes in accounting rules ...
How Activist Investors Are Taking Executives’ Scalps at Big Companies
Activist investors from Carl Icahn to Daniel Loeb and Bill Ackman are ratcheting up their campaigns, increasingly targeting America's biggest companies and seeking the ouster of chief executive ...
G20 Leaders Seen Endorsing Shadow Banking Rules
World leaders are expected to take a softly-softly approach to regulating the so-called shadow banking sector when they meet in Russia next month to avoid damaging the flow of finance to the global ...
Islamic Finance Body Develops First Cross Border Market with $490 Million Sukuk
A consortium of central banks from Asia, the Middle East and Africa has taken a first step towards developing a cross-border market in Islamic financial instruments by issuing a $490 million sukuk. ...