United Kingdom (UK)
Can research reinvent itself?
The provision of credit research to clients is undergoing sweeping reform, as regulatory concerns grow over potential conflicts of interest and banks reassess the value of giving out freebies. Philip Moore examines what this all adds up to for investors
UK banks unprepared
Many UK banks are still unprepared for the implementation of the new Basel Accord for risk-based capital allocations, according to Chase Cooper, a London-based operational risk and corporate governance solutions provider.
In need of reassurance
The knock-on effects of the crisis in equities has hit the insurance sector particularly hard – so much so that UK regulatory body the FSA has been forced to step in and allow certain insurers to breach mimimum solvency ratios.
Tiner defends insurance margin changes
In a speech today to the Westminster & City Twentieth Anniversary life insurance conference, the Financial Services Authority's John Tiner sought to clarify a letter, released last Friday, that relaxed the solvency regime for UK life assurers.
Regulator urges UK banks to look hard at EU capital proposals
LONDON – UK banks should look hard at a draft text of European Union (EU) capital rules that the European Commission plans to issue around the end of October, the UK’s senior financial regulator said today.
Unresolved Basel II issues include total capital and economic impact, says UK central banker
OXFORD, ENGLAND - The question of what should be the appropriate overall level of protective capital in the world’s banking system remains one of the unresolved issues of the Basel II banking accord, said deputy Bank of England governor David Clementi…