Global Financial Regulatory Blog

Category Archives: Recovery and Resolution Planning

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UK Proposes Insurer Resolution Regime

The proposals would give the Bank of England wide-ranging powers to deal with acute failure scenarios, treating policyholder liabilities as loss-absorbing. By Victoria Sander and Tim Scott HM Treasury is proposing a new UK resolution regime for insurers that would appoint the Bank of England as resolution authority with sweeping powers to resolve insurers through … Continue Reading

FCA to Apply for Court Declaration on Business Interruption Insurance Policies

FCA announces steps to obtain clarity for insurers and policyholders. By Victoria Sander, Martin Davies, Oliver Middleton, and Duncan Graves The Financial Conduct Authority (FCA) announced today, 1 May 2020, that it is taking steps to resolve contractual uncertainty in business interruption (BI) insurance cover in light of COVID-19 and intends to apply urgently for a … Continue Reading

Navigating Debt Repurchases in Europe: What You Need to Know

Key issues that typically arise in connection with debt repurchase programs. By Rob Moulton and Anna Lewis-Martinez Market shifts often lead companies and their affiliates to actively consider debt repurchases. Important legal considerations include: contractual restrictions; potential disclosure obligations; listing implications; the impact of tender offer rules; consequences of debt purchase transactions; how debt purchase … Continue Reading
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