Hints and tips:
...Some of the reforms, including changing the EU’s Solvency II regime for insurers and the Mifid II review — would not have been possible on a unilateral basis while Britain was in the EU....
...He had also been heavily involved in the government’s overhaul of the so-called Solvency II insurance sector regulation, through which the government is looking to relax restrictions on capital requirements...
...The bill is still expected to proceed, and Woods said Glen had “got this work very, very far advanced”, with clauses about the Solvency II overhaul due to go into the legislation....
...John Glen, former City minister, said the Treasury was already tweaking Mifid II after consultation in the City through the financial services and market bill which passed its first reading in the House...
...He succeeds John Glen, who was a popular City minister during a turbulent four years punctuated by Brexit until his exit in July after Johnson announced he would step down....
...Scrambling up a hidden path, we found Corodale’s green glen, walls soaring on either side....
...It has been championed by two cabinet members — chancellor Rishi Sunak and City minister John Glen — who resigned this week, paving the way for prime minister Boris Johnson’s announcement that he was stepping...
...The Treasury has embarked on a wide range of initiatives to improve regulations for financial services firms, including an overhaul of the Solvency II insurance sector regulation....
...The former chancellor and his ally John Glen, former City minister, infuriated BoE governor Andrew Bailey by proposing the “call in” power as part of a new financial services bill....
...As the departure of former City minister John Glen from the Treasury illustrates all too well, it is junior ministers who do much of the important work of governing....
...“We agree that [the Solvency II capital requirement] exceeds the level needed to properly protect policyholders,” Glen told delegates at the dinner in the City of London on Monday last week....
...John Glen said the overhaul of the Solvency II rules represented a “genuine opportunity” to encourage the sector’s growth, protect policyholders and make it easier for insurance companies to invest for the...
...John Glen, City minister, said the reforms could unlock tens of billions of pounds for long-term investments....
...Solvency II which started in 2016 allowed up to 16 years in some cases for the transition....
...Last month Glen signalled long-awaited reforms to EU-era “Solvency II” regulations of the insurance industry, intended to release billions of pounds for investment in infrastructure projects....
...John Glen, City minister, told the FT: “Now we’ve left the EU we are determined to ensure the rules around the insurance sector work in the best interests of the UK....
...Tech executives used the Downing Street meeting to call for other practical reforms, including further reform of Mifid II market rules to help encourage analyst research for companies....
...Every summer Mike Karboski, a retired lineman (think Glen Campbell) travels to this far-flung spot with his family to run a fly-fishing camp....
...EU rules still in place under Solvency II regulations are not working for Britain....
...The EU’s Mifid II rules are an example....
...John Glen, the City minister, said the cap was “well-intentioned but [had] no basis in evidence.”...
...City minister John Glen told Bloomberg that the review would be “as broad and as inclusive as possible so that we really look at everything”....
...Many life insurers want Britain to move away from Solvency II, the bloc’s capital rules....
...Another life-long local, Glen Anderson, now 59, remembers the “ta-ta-ta-ta-ta-ta, pow-pow-pow” of the gunfire. “We slept in the upstairs hallways to avoid stray bullets....
...still festooned with flags and murals proclaiming their rival allegiances, and the loyalists were building the bonfires with which they celebrate William of Orange’s 1690 victory over Catholic King James II...
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