A significant Covid-19 related business interruption claim has been decided in favour of insurers. In Star Entertainment Group Limited v Chubb Insurance Australia Ltd [2021] FCA 907, the Federal Court dismissed Star Entertainment Group’s claim for business interruption losses under an industrial special risks (ISR) policy. It appears Star has appealed the decision.
On 27 August, the European Commission (EC) published its final study on the development of tools and mechanism for the integration of ESG factors into the EU banking prudential framework and into banks’ business strategies and investment policuies.
The report looks into the integration of ESG risks within banks’ risk management processes and prudential supervision,
8 September 2021 | 08:50 AM – 09:30 AM BST
In retail – the front line of the financial sector – things have moved on significantly since the start of the COVID-19 pandemic with the introduction of new technology and investment opportunities. With these changes new risks have emerged, increasing vulnerability among consumers – particularly
The bumper crop of podcasts continues this week with the release of Episode 10 of the Regulation Tomorrow monthly podcast.
In this episode we hear from Norton Rose Fulbright’s US Head of Fintech, Steve Aschettino, who gives an overview of the payments landscape in the US and some of the prevailing trends in the area.
On 26 August the FCA published a letter (dated 25 May 2021) previously sent to the board of directors at loan-based peer-to-peer (P2P) crowdfunding platforms.
In the letter the FCA seeks to set out its views and expectations in a number of areas, specifically:
The first episode in a new RT Plus mini-series, Evolution and Divergence: Markets in the EU and UK, is available now to stream and download. This podcast is the first in a series of five podcasts covering the changing nature of markets in Europe and also the degree to which this results in divergence with
The FCA has published a ‘Dear Board of Directors’ letter sent to personal and commercial line insurers (PL&CL) on 25 August. This follows a letter of a similar nature sent in January 2020. In this present letter, the FCA covers the following topics:
The FCA has published a first supervisory notice in respect of investment firm, Binance, one of the world’s largest crypto exchanges, which has subject to a well-publicised restriction on its activities in the UK. The supervisory notice confirms that Binance must not, without the prior written consent of the FCA, carry out any regulated activities
The European Banking Authority (EBA) published its peer review on the prudential assessment of qualifying holdings today.
The EBA’s ad hoc Peer Review Committee’s conclusions included in this Report are based on competent authorities’ self-assessment of how they applied selected areas of the Joint ESAs Guidelines on the prudential assessment of the acquisition of qualifying
An RT Plus episode on the PRA’s PS19/21 policy statement on branch and subsidiary supervision is out now to stream and download.
In this latest episode, Jonathan Herbst and Matthew Gregory discuss the impact of this on foreign firms operating by way or branch or subsidiary in the UK.
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