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...South Carolina rules limit investments in a single issuer to 3 per cent of assets, and in Utah the cap is 10 per cent....
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...Dating back to Denmark’s spell as EU president in 2012, the compromise was a supposedly temporary exception to Basel rules for European banks with insurance businesses....
...The European parliament announced on Wednesday night that a deal had been reached over changes to the so-called Solvency II capital rules....
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...The latest clampdown is part of a wider drive by the FCA as it implements new consumer duty rules that has seen it target other financial services providers, including investment platforms and wealth managers...
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...Ministers have promoted the Solvency II reforms, which ease capital rules and make other changes to EU-inherited regulation, as a key “Brexit dividend”....
...Hunt defended the fiscal rules he was operating under, while acknowledging that when it came to getting debt down, “it is going to be a long and difficult journey but it’s right that we try”....
...Connoisseurs are reminded of the early 1990s, a golden age of scandal. Yet every era produces its own, because what’s considered shameful shifts over time....
...The restrictions set out by the Federal Deposit Insurance Corporation on Thursday would apply to any takeover that created a bank with more than $50bn in assets, and increase for any deal above $100bn....
...For Montgomery in Hungerford, gold is a must-have insurance policy for investors to protect themselves against an end to the equity and crypto mania....
...Johnson’s manifesto-breaking plan for a health and social care levy, mostly made up of an increase in National Insurance payments of 1.25 per cent....
...The point of the temporary accounting-rule change, from the National Association of Insurance Commissioners, was to shield life insurers’ capital from losses caused by rising interest rates....
...The Bank of England has set out plans to shake up a key part of the investment rule book for insurance companies, in a move that the government hopes will open the way for the industry to invest far more...
...“There’s going to be a shift from contractual handcuffs to golden handcuffs,” Rosner predicted....
...And while European bank rules mean losses for most banks are transparently accounted for, and insurers apply similar fair-value accounting, there is a mismatch when insurance subsidiaries are consolidated...
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...The author is vice-chair at Oliver Wyman Private credit firms have enjoyed a “golden moment”, as Blackstone president Jonathan Gray put it last year, while banks have been on the back foot from the sharpest...
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