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preserving financial stability. While the legal, regulatory, and supervisory frameworks for banking and insurance sector have …
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The U.K. financial sector is globally systemic, open, and complex. It has weathered the COVID-19 pandemic fittingly, thanks to the post-GFC reforms, a proactive macroprudential stance, and an effective multipronged response to maintain financial stability. Brexit uncertainties are being handled...
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The economy recovered strongly in 2021, following an unprecedented real output contraction in 2020. However, the outlook remains precarious amidst projected future low growth, high unemployment and adverse debt dynamics, and the recovery pace is unlikely to be sustained. Ample buffers allowed...
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This note provides an update and assessment of developments in insurance supervision since 2014. It is part of the 2020 …, 2019. It has not been updated for the impact of recent global events associated with the COVID-19 pandemic. The insurance … sector is large, especially long-term (life) insurance, highly international and has been growing steadily. The long …
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