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...Questions have arisen over the timetable for the Solvency II changes, which were announced in November’s Autumn Statement....
...“We did not trade Solvency II for the call-in power,” he said....
...The company’s Solvency II coverage ratio, the amount of regulatory capital it holds as a percentage of the minimum required, sat at 224 per cent at the end of the year, above consensus estimates of 217 per...
...Ministers have promoted the Solvency II reforms, which ease capital rules and make other changes to EU-inherited regulation, as a key “Brexit dividend”....
...The European parliament announced on Wednesday night that a deal had been reached over changes to the so-called Solvency II capital rules....
...Addleshaw Goddard advised BT, while Herbert Smith Freehills counselled the buyer. Additional reporting by Jonathan Wheatley...
...There was chiming here with Talmon Joseph Smith’s piece in the weekend New York Times business section which argued that we may be in a post boom/bust economic cycle, with many years of growth to come....
.../ From Nicholas Malins-Smith, Cambridge, UK...
...Trump will speak at an event hosted by the Alabama Republican Party in Montgomery later today....
...He said the implementation timeline “would see the UK introducing its Solvency II reforms ahead of the parallel process in the EU”....
...was “considering options to enable reforms to the matching adjustment”, intended to liberalise investments, to come into force by the end of June 2024, and the rest of post-Brexit changes to the Solvency II...
...The Bank of England has told MPs that the government’s flagship changes to the Solvency II insurance rules will mean a “relative increase in the probability of failure of around 20 per cent”, underlining...
...Letter in response to this report:Panmure Gordon’s Liberum deal is puzzling / From Tony Smith, Bishops Stortford, Hertfordshire, UK...
...In the latest attack, on Monday, the Houthis fired two missiles at the MSC Sky II, a container ship operated by Geneva-based Mediterranean Shipping Company, the world’s biggest container shipping line....
...The Clore Garden will be designed by landscape architect Tom Stuart-Smith, in collaboration with architects Feilden Fowles and the Royal Horticultural Society....
...Ciara Malins-Smith London SW4, UK...
...Mick McAteer, a former board member of the FCA and a vocal critic of the Solvency II reforms, has publicly called for regulators to “put a hold on transfers of pension schemes to insurers until we have a...
...He also poked fun at the government’s brand for Solvency II — Solvency UK, or “SUK”....
...Additional reporting by Ian Smith...
...The UK has been generating nuclear waste since the 1940s, with the world’s first full-scale commercial power station, Calder Hall, opened in Seascale, Cumbria, by Queen Elizabeth II in 1956....
...Elizabeth II, the monarch whom even republicans admired, has passed....
...In his Autumn Statement, chancellor Jeremy Hunt unveiled an overhaul of the Solvency II insurance rules in an effort to drive innovation and growth in the UK’s financial sector....
...Closing the week was Luar, who brought a raving audience to Bushwick, including Beyoncé, who has announced the release of her eighth studio album, Renaissance Act II, next month....
...The chancellor confirmed that the Treasury is today publishing its decision on how it will overhaul insurance rules inherited from the EU, known as Solvency II....
...Nasa: The US space agency will introduce the four astronauts at the Johnson Space Center in Houston for its Artemis II lunar fly-by mission....
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