Financial Holding Company Act 2013 *

Singapore - May 9 2013
Singapore's legislature enacted the Financial Holding Company Act 2013 ("Act") on 8 April 2013. The Act introduces a regulatory framework for the…

Co-authors: David W. Alberts, Vikram Sidhu, Lawrence R. Hamilton.

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Chief Executive of the Prudential Regulation Authority (“PRA”) voices concerns over the implementation of the Solvency II directive *

United Kingdom - May 9 2013
The Chief Executive of the PRA, Andrew Bailey, has recently expressed his concern regarding the implementation of the Solvency II directive. One of…

Co-authors: David W. Alberts, Vikram Sidhu, Lawrence R. Hamilton.

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Mortgage Guaranty Insurance (E) Working Group *

USA - May 9 2013
The NAIC's Mortgage Guaranty Insurance (E) Working Group (the "MGIWG") held a meeting at the NAIC Spring 2013 National Meeting to discuss the…

Co-authors: David W. Alberts, Vikram Sidhu, Lawrence R. Hamilton.

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Director of supervision for the FCA delivers speech on theimportance of culture as the driving behaviour of firms and how the FCA will assess this *

United Kingdom - May 9 2013
In his speech at the UK Professionals Conference, Adamson highlighted 'culture' as underpinning the problem faced by firms and as the key attribute…

Co-authors: David W. Alberts, Vikram Sidhu, Lawrence R. Hamilton.

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Reinsurance (e) task force and the NAIC list of qualified jurisdictions *

USA - May 9 2013
The NAIC's Reinsurance (E) Task Force (the "RTF") met at the NAIC Spring 2013 National Meeting to discuss revisions to RTF's draft "Process for…

Co-authors: David W. Alberts, Vikram Sidhu, Lawrence R. Hamilton.

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