Hints and tips:
...Bank governor Andrew Bailey thinks banks might now need to hold higher levels of liquidity....
...Deposit insurance schemes — the norm in many developed markets to safeguard customers’ money — are typically funded on a pooled mutual basis across the banking sector....
...The failure of one of Drexel’s biggest clients, the Executive Life Insurance Company, destroyed the retirement incomes of thousands of Americans....
...Until then, you can reach Sid and I at imani.moise@ft.com and sid.v@ft.com. Happy reading!...
...In June, Bank of England governor Andrew Bailey wrote to Thomas pointing out that a demutualisation itself does not require PRA approval, but that the regulator would scrutinise a change in control in the...
...What would Andrew Bailey say? It’s PwC’s turn in the regulator’s glare....
...I rode in the second lorry with Charlie Bailey, 23, owner of General Haulage of Great Britain, driver of one of his company’s three trucks and employer and student of the 23-year haulage veteran ahead of...
...A financial services team would sell you insurance and take care of your savings. If you got married, had a baby or wanted a midlife makeover, the company could schedule a consultation....
...The EU financial services commissioner is due to meet Bank of England governor Andrew Bailey on Monday....
...Swaps are widely used by companies to protect themselves against unfavourable changes in interest rates....
...Not everyone will want to be locked in a monetary union with countries like the Netherlands, whose prime minister is ideologically opposed to mutual risk-sharing....
...This is granted to non-EU companies if the European Commission judges that a country’s financial regulations are as rigorous as the EU’s own rules....
...From what we see,the company’s current approach to fixed-cost allocation is completely appropriate, but the effects are magnified by effectively being a one-product company....
...; (iv) assist in the payment of sickness benefits; and (v) protect supply-chain financing in response to the coronavirus....
...Equity, bond and credit mutual funds all had material outflows this week while money market funds had the biggest inflows on record, at $137bn....
...Yes, the numbers are bigger, but the shock, while not a V is shorter and sharper than that crash, and the pre-crisis fiscal situation was strong....
...Life Insurance Company (MassMutual)...
...Andrew Bailey, the head of the Financial Conduct Authority, said that the UK and EU should press on with a so-called equivalence arrangement to enable financial companies to continue trading across the bloc...
...Bailey....
...He said that “mutual market access” was the ideal scenario for financial services, but added that the government should be looking at fallback options....
...companies to adjust to Brexit....
...estate and hotels, as well as insurance and financial services”....
...For this, Charles Dickens, the creator of a famous fictional legal battle — Jarndyce v Jarndyce — might be responsible....
...There is, for instance, no such provision for commercial banking or primary insurance. Some argue these gaps would need to be filled for the mechanism to be a credible option for the UK....
...Managerial dreadnoughts will shoulder it, but at a price determined by the cost of insurance premiums....
International Edition