Fear over derivative losses stops IASB rules in the EU
The EU delayed the introduction of International Accounting Standards Board (IASB) rules on valuing assets because they would hit some EU firms holding derivatives, the FT reports.
Analysts say some French, German and Italian banks with large investment banking activities would be hit by the changes, forcing them to report losses on derivatives.
Others fear they will be put at a disadvantage by not adopting the IASB standards.
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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
