Dexia argued Wednesday at the start of a London trial that transactions it entered into with Italy's Comune di Torino to restructure the municipality's debt are valid and enforceable, in a dispute worth €400 million ($464 million).
Dexia argued Wednesday at the start of a London trial that transactions it entered into with Italy's Comune di Torino to restructure the municipality's debt are valid and enforceable, in a dispute worth €400 million ($464 million).
A trade body for underwriters in London has said it is "delighted" that the Bank of England's supervisory arm has moved to get rid of quarterly reporting obligations for overseas insurers with branches in the U.K.
Many people are not contributing enough to their pension plans, a trade body warned on Wednesday, as a commission considers ways to increase the nation's retirement savings.
Britain's financial watchdog said Wednesday it has warned football clubs about sponsorship deals from unauthorized financial companies that could potentially expose them to legal risks and their fans to the danger of losing money.
A property management company has offloaded £10 million ($13.4 million) of its workplace pension liabilities to insurer Legal & General, advisers said Wednesday, in a deal steered by Neon Legal.
Broker WTW has acquired a web-based insurance platform designed to provide access to insurance products for cryptocurrency and digital assets, a move the broking and advisory business said would help "shape the future of risk transfer" in the digital economy.
New York's top banking regulator said Wednesday that the U.S. vehicle financing arm of Spanish banking giant Santander will pay a fine and consumer refunds totaling more than $675,000 to settle findings from an investigation into its auto loan fee practices.
Recent fraud allegations involving private credit borrowers raise compliance red flags for lenders, who must recognize that financial and collateral verification is an essential safeguard as failures in underwriting and monitoring infect the broader market, say Michael Bresnick at Venable and Brian Mich at Control Risks Group.
