U.K. workplace pensions provider NOW: Pensions said it has withdrawn itself from a voluntary assurance list operated by the industry watchdog after it raised concerns about the firm’s administration and governance.
Britain’s finance watchdog on Tuesday warned firms that have missed the deadline to submit crucial information for compliance with European Union reforms to investment services across the bloc’s banking system that they must have contingency plans in place.
British legislation entering into force on Monday cements the right of European Union authorities to demand the execution of cross-border criminal investigation requests, even as legal experts question whether the pioneering enforcement law will survive the U.K.'s exit from the EU.
Reed Smith LLP has bolstered its commercial disputes team in London with the hiring of a former Gowling WLG partner who specialized in handling disputes for major accountancy firms, the law firm said on Monday.
U.K. lawmakers launched an inquiry Monday into how Britain’s financial services industry could maintain access to the European Union after the country leaves the bloc in March 2019.
Britain’s financial watchdog set out on Monday how it will implement new European Union rules governing the sale of insurance products to consumers that will impose additional reporting, conduct and governance requirements on firms and brokers when they enter into force next year.
U.K. insurer Aviva PLC announced on Monday the first five new firms it will support in its joint financial technology program with a "start-up accelerator," in a project to help exploit the technologies that will revolutionize insurance and financial services.
After a global regulatory forum announced tentative new capital requirements for the world’s biggest insurance groups on Friday, the U.K.’s leading trade association quickly raised concerns about the impact of this latest regulatory package, dismissing it as unfit for purpose.
New City minister Stephen Barclay is to meet government immigration chiefs in the coming days to plead the case for foreign employees in London’s financial services sector to be given protected status, the Treasury confirmed to Law360 on Friday.
The last week has seen an arbitration dispute between ICBC Standard Bank and a Russo-Mongolian mining venture, Barents Re's suit against PDV Insurance, and a financial services spat between Walker Crips brokerage and ADM's U.K. investment services unit. Here, Law360 looks at those and other new claims in the U.K.
The U.K. government announced on Friday that Lady Brenda Hale has been appointed the new president of the Supreme Court, making her the first female to fill the position of the U.K.’s most senior judge.
The U.K. Financial Conduct Authority announced fresh reporting rules for pension providers on Friday that will help the regulator identify risks emerging from radical reforms introduced in April 2015.
Britain’s Financial Conduct Authority and Hong Kong’s Securities and Futures Commission have agreed to assist each other in the supervision and oversight of regulated firms in their respective jurisdictions, under a supervisory memorandum of understanding published on Thursday.
AIG Europe Ltd. has won backing from the U.K.’s Prudential Regulation Authority to use its own unique model to calculate some of the group's capital requirements under Solvency II, the insurer has said.
The CEO of Matrix Chambers will be making the move to 39 Essex Chambers as the barristers set's new chief executive, it was announced Wednesday.
Specialist insurance solicitors Fenchurch Law announced the hiring of Tom Hunter from Reynolds Porter Chamberlin, further expanding its team of specialist claims dispute lawyers.
The U.K. Treasury released details Thursday of a new regulatory and tax regime to help Britain break into the surging global trade in insurance-linked securities, which could be worth £87 billion ($113 billion) by 2019.
Britain’s fraud squad warned Brexit could threaten its ability to chase down corruption and international crimes, in its annual report laid before Parliament late Wednesday.
The European Union's top Brexit negotiator foresees a transition period of "a few years" to allow a new economic and trading relationship to be sealed after the U.K. leaves the EU in March 2019, according to minutes of his meeting with British lawmakers released by the House of Lords on Thursday.
The U.K. government has earmarked £30 million ($39 million) for a project that will help poorer countries draft regulation to support domestic insurance markets, a spokeswoman said on Thursday.