Insurance & Asset Management Update – June
  • Friday, 3 July 2020

Insurance & Asset Management Update – June

-Insurance- EIOPA supports the ESRB’s call on enhanced monitoring of liquidity risks In response to a letter by the European Systemic Risk Board regarding liquidity risks in the insurance sector, the European Insurance and Occupational Pensions Authority (EIOPA) consulted on tools to assess and monitor liquidity risks. The letter mentions that moratoria on payments decreases […]

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Adam Smith Awards 2020: three award-winning clients
  • Tuesday, 16 June 2020

Adam Smith Awards 2020: three award-winning clients

Treasury Today’s Adam Smith Awards are globally recognized as the industry benchmark for best practice and exceptional solutions in treasury. This year, the panel of judges again selected the very best solutions that demonstrate exceptional best practice and innovation in the corporate treasury arena and awarded three Zanders client as category winners.

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Banking News Update – May
  • Thursday, 4 June 2020

Banking News Update – May

Unprecedented challenges for EU banks On 25 May 2020, the European Banking Authority (EBA) published a preliminary assessment of the impact of Covid-19 on the European Union banking sector. The crisis is expected to affect asset quality and therefore the profitability of banks going forward. Nonetheless, the capital accumulated by banks above their overall capital […]

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Insurance & Asset Management Update – May
  • Friday, 29 May 2020

Insurance & Asset Management Update – May

Impact of Covid-19 on regulations IFRS 17 and IFRS 9 for insurance companies definitively postponed to January 2023. The International Accounting Standards Board (IASB) decided that the effective date of IFRS 17 Insurance Contracts will be deferred to 1 January 2023. It was also decided to extend the exemption for insurance companies, whose business model […]

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Insurance & Asset Management Update – April
  • Tuesday, 28 April 2020

Insurance & Asset Management Update – April

Insurance Industry EIOPA on coronavirus impact on the EU insurance sector The European Insurance and Occupational Pensions Authority (EIOPA) issued a statement addressing the business and solvency position of the European insurance market. No ground-breaking measures, nevertheless, we summarised some interesting items: National competent authorities (NCAs) are instructed to be flexible in the timing of […]

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