EU News
EU Regulator Seeks More Hands-On Approach to Insurer Capital
The European Union's capital rules for insurers need changing to reflect low interest rates and provide stronger intervention powers like banning dividends to preserve solvency during market shocks, ...
Aon’s Proposed $30B Willis Towers Watson Acquisition Reportedly Faces EU Probe
Aon's $30 billion bid for Willis Towers to create the world's largest insurance broker faces a full-scale investigation because of its complexity, two people familiar with the matter said. The ...
EU to London’s Banks and Insurers: Get Used to Limited Post-Brexit Access
Britain's huge financial sector will never again have the same access to the European Union as it did when the country was a member of the bloc, the EU's financial services chief said. Brexit makes ...
EU Pressures Britain to Make Brexit Compromise or Face Trade Disruptions
The European Union put the onus on Britain on Thursday to compromise on their new economic partnership or stand ready for trade disruptions in less than 80 days, drawing a chilly reaction from the ...
Post-Brexit Negotiations Between Britain, EU Hit Stalemate
Britain and the European Union made scant progress towards a deal on future ties in talks last week, and their chief negotiators blamed each other for the stalemate as time ticks down to an ...
Brexit Update: Future BoE Head Urges UK and EU to Avoid Finance ‘Punch-Up’
Britain and the European Union must find a way to settle future differences over how Britain's huge finance industry can do business in the bloc without resorting to a "metaphorical punch-up," the ...
Brexit Finally Dawns, and the European Central Bank Urges Calm
The European Central Bank said it's closely monitoring financial markets and is ready for all contingencies from Brexit, in a statement of reassurance on the eve of Britain's final departure from the ...
This Time, Brexit Gets a ‘Flexible’ Delay
The European Union on Monday agreed a 3-month flexible delay to Britain's departure from the bloc as Prime Minister Boris Johnson pushes for an election after opponents forced him to request an ...