Bank of England deputy governor David Clementi has warned the Basel Commitee for Banking Supervision that imposing tough rules, making banks set aside risk capital, could drive business away to less-regulated insurance companies.
“It makes no sense to introduce a Rolls Royce system of capital adequacy regulations for banks if we have not considered the ramifications for the financial system as a whole,” Clementi told the conference.
However, he is not calling for a “level playing field” in the way banks and insurance companies are regulated because of the differences in the two sectors.
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.
