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Insurance UK

  • October 3, 2017

    FSB Announces Plans For Overseeing Derivatives Tagging

    The Financial Stability Board announced detailed plans on Tuesday for an international governance system to oversee the development of DNA-style tagging, which could help track derivatives in the multitrillion-dollar unlisted securities market.

  • October 3, 2017

    Brexit Threatens £20T Of Uncleared Derivatives, BOE Warns

    The Bank of England warns that the status of £20 trillion ($26 trillion) of uncleared derivatives contracts will be at risk if Britain exits the European Union without a future trade deal in place, according to internal documents published Tuesday.

  • October 3, 2017

    EU Legislators Nix Bid To Begin Early Post-Brexit Trade Talks

    The European Parliament agreed in a vote on Tuesday that basic Brexit talks have not advanced sufficiently to allow negotiations on a future trade deal to begin this month, dashing hopes among U.K. banks and businesses that they would get early clarity on their future regulatory relationship with the bloc.

  • October 2, 2017

    Global 20: K&L Gates

    K&L Gates LLP has landed on Law360’s Global 20 list once again, with the firm representing clients in every corner of the world on transactions worth billions of dollars while striving to seamlessly integrate its offices to offer the benefit of both local knowledge and global expertise.

  • October 2, 2017

    Europe Content To Watch As ICO Backlash Rumbles On

    Allegations of fraud linked to initial coin offerings and other regulatory disapproval have barely caused a ripple in Europe, which attorneys believe is a signal that bloc watchdogs are finally thawing from years of aversion to rapid financial technology developments.

  • October 2, 2017

    EU Finance Committee Backs More Powers For Regulators

    A European Parliament financial committee has called for the introduction of minimum standards into EU law that will make sure national regulators enforce against breaches of competition law in more uniform and predictable ways.

  • October 2, 2017

    Banks Must Add £4B In Resolution Funds By 2022, BOE Says

    The Bank of England said on Monday that banks will have to stock up capital buffers by £4 billion ($5.3 billion) by 2022 to comply with new rules intended to protect taxpayers from emergency bailouts if major institutions fail.

  • October 2, 2017

    Insurers Urge Delay To Global Supervision Reforms

    Global regulators must delay changing key standards on oversight for insurance companies because their proposals assume there is an unrealistically high level of risk in the industry, European insurers said on Monday.

  • October 2, 2017

    Law360 Sizes Up The Term To Come

    Free from the specter of a 4-4 split, the Supreme Court once again has a docket filled with cases that could make big waves in the culture wars or reshape everyday practice for a wide variety of lawyers. Here’s our look at the upcoming term, drawn from coverage across our newswires.

  • September 29, 2017

    Global 20: Orrick Herrington & Sutcliffe LLP

    Orrick Herrington & Sutcliffe LLP has worked to build a specialized practice focused on technology, energy and finance issues, supporting a range of clients from governments pursuing major energy projects in Africa to Nordic companies navigating the risk environment in western markets, helping land the firm on Law360's Global 20 list.

  • September 29, 2017

    Insurers May Need Resolution Regime, BOE Official Says

    International policymakers should "probably" establish a regime for wrapping up major insurers if they fail, even though they withstood the 2008 financial crash, a senior Bank of England official said on Friday.

  • September 29, 2017

    UK Litigation Roundup: Here's What You Missed In London

    The last week has seen a slew of asset managers' funds sue a Turkish infrastructure and transportation firm, more competition claims against Visa and a corporate finance advisor lodge a suit against private equity firm Sun European Partners. Here, Law360 looks at those and other new claims in the U.K.

  • September 29, 2017

    Trading Obligation For Derivatives Finalized, ESMA Announces

    Europe’s securities watchdog set out on Friday the types of interest rate swaps and credit default swaps it intends to force onto regulated trading platforms when market reforms come into force in January.

  • September 29, 2017

    Pensions Reform Takes Effect For Fintech, Insurtech Firms

    Innovative new insurance and financial technology firms must enroll staff on workplace pension plans from Sunday under radical reforms governing start-ups, the U.K. pensions regulator said on Friday.

  • September 29, 2017

    EIOPA To Focus On Stress Tests, Data Disclosure in 2018

    The Europe Union’s top insurance regulator will focus next year on carrying out stress-testing of firms, disclosing more information about their capital reserves and preparing to collect data on the bloc’s immense pensions industry.

  • September 29, 2017

    UK Finance Regulator Warns Against EU Brexit Protectionism

    Britain’s top financial watchdog warned European regulators on Friday that they must not become protectionist in response to Brexit and argued for wider sharing of information and free trade across the bloc's financial services sector.

  • September 29, 2017

    Brexit, Trump Add Volatility To Insurance, Says Lloyd's Chief

    Britain’s looming departure from the European Union and U.S President Donald Trump are among the challenges bringing "volatility" and "geopolitical uncertainty" to the insurance sector, the head of Lloyd’s of London has warned.

  • September 28, 2017

    Global 20: Herbert Smith Freehills

    Herbert Smith Freehills LLP has maintained its place on Law360’s Global 20 list for the fourth year in a row, again proving itself an international powerhouse through its representation of Goldman Sachs International and Societe Generale against a Libyan government wealth fund, among other large cases and deals.

  • September 28, 2017

    FCA Lays Out New Asset Managers' Approval Process

    The Financial Conduct Authority outlined plans Thursday to create an asset management center that will be set up in October to help new firms launch in the U.K., in a bid to encourage competition in the sector.

  • September 28, 2017

    Regulators Direct Governments On Derivatives Tagging Plan

    Global regulators set out directions for governments on Thursday about how to set up a DNA-style tagging system to track over-the-counter derivatives, including those in the multibillion-dollar insurance-linked securities trade.