Announcement within two weeks as Obama commits
President Barack Obama is committed to signing a regulatory reform package to create a single financial regulator by the end of the year and an announcement will be within “a couple of weeks”, the Times reports.
The new regulator could take over work done by the Office of the Comptroller of the Currency and the Office of Thrift Supervision, as well as taking some powers held by the Federal Reserve and the Federal Deposit Insurance Corporation (FDIC).
- The Federal Reserve is most likely to house the new regulator.
- The FDIC could take control of struggling financial institutions.
- The Securities and Exchange Commission (SEC) could lose regulation of mutual funds
- Parts of the SEC could be merged with the Commodity Futures Trading Commission.
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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.
