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Senior management face new responsibilities
Several recent cases have served as strong reminders of the FSA’s tough approach to senior management responsibilities. Enforcement action is likely to continue and management will have to take the new rules seriously if they are to avoid..
Online Published Date:
01 May 2004
Appeared in issue:
12 - 01 May 2004
ART enters new regulatory environment
In almost all of the recent high-profile failures in financial services, financial reinsurance can be found to be lurking somewhere in the ensuing inquiry. In this article,
IR&A
considers the role of financial reinsurance and financial..
Online Published Date:
01 May 2004
Appeared in issue:
12 - 01 May 2004
Industry image knocked
Insurers and regulators need to stage recovery to win back consumer trust
The insurance industry fell under a cloud for several days in March as two high level reports were reproachful of the practices and principles of insurers. First came the..
Online Published Date:
01 May 2004
Appeared in issue:
12 - 01 May 2004
UK uses IAS extensions
Further extensions proposed but no mandatory enforcement
The UK government has reiterated its reluctance to impose International Accounting Standards (IAS) as the primary reporting standard for all companies, not just those listed companies that..
Online Published Date:
01 May 2004
Appeared in issue:
12 - 01 May 2004
Report unravels Equitable Life failings
It took several years to compile but the eagerly awaited report into the events leading up to Equitable Life closing its doors to new business reveals what went on behind-the-scenes. In this article,
IR&A
looks at the implications of the..
Online Published Date:
01 May 2004
Appeared in issue:
12 - 01 May 2004
They said it…
"The financial services industry had better get its act together, and do so fast. If industry leaders are not prepared to do this, then regulators will have to do much more than perhaps we would like. If that is the result, then industry leaders..
Online Published Date:
01 May 2004
Appeared in issue:
12 - 01 May 2004
More on the way
One year on since the launch of Insurance Regulation & Accounting and the issues that prompted the original idea are more live than ever. In fact,
IR&A
’s staff has been surprised by the scope and depth of the issues that are facing..
Online Published Date:
01 May 2004
Appeared in issue:
12 - 01 May 2004