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Commission Boss Urges Caution On EU Pandemic Insurance By Law360 is providing free access to its coronavirus coverage to make sure all members of the legal community have accurate information in this time of uncertainty and change. Use the form below to sign up for any of our weekly newsletters. Signing up for any of our section newsletters will opt you in to the weekly Coronavirus briefing. Sign up for our Insurance UK newsletter You must correct or enter the following before you can sign up: Email (NOTE: Free email domains not supported) Primary area of interest Thank You! Law3...

The implementation of Basel III should not be delayed because of economic conditions said the FISMA director-general, John Berrigan

3 Min Read LONDON (Reuters) - A new mechanism for shutting failing insurers smoothly could help maintain trust in the sector as part of a review of capital rules that is unlikely to come into effect before 2025, European Commission officials said on Tuesday. FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels, Belgium, December 24, 2020. REUTERS/Yves Herman/File Photo The bloc is reviewing its five-year old “Solvency II” capital requirements for insurers like Generali, Allianz and AXA, including to better reflect the impact of interest rates r...

Today saw the start of a series of Virtual Talks on the three central priorities of the ECOFIN Council for this half-year, organised by the Portuguese Presidency of the Council of the European Union. Entitled “Digitalisation in Financial Services: a new landscape with new players and new objectives”, this Friday's conference was chaired by the Portuguese Secretary of State for Finance, João Nuno Mendes. In his opening speech, the Secretary of State said that this cycle of three virtual talks will provide inputs for the High-Level Conference on Recovery (“Recovery Summit”) to be held ...

The European Union will consider potential lessons from the recent frenzied trading by retail investors on Wall Street in its broad review of consumer protection in markets, a senior European Commission official said. The rise of retail investors in share trading is a trend that cannot be prevented but it has to be managed, said ...