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Bank Urged to Improve Crisis Response
LONDON (Reuters UK) - The Bank of England needs to improve its handling of financial stability and communications, MPs said on Wednesday, as pressure grows on financial authorities to bolster how they deal with crises. The Bank, the government and Financial Services Authority have faced...
Tags: Bank, Financial, Governor, Parliament, Financial Accounting, Financial Services, Finance, Oukbs
News items 2008-05-07

Additional Resources

Just Another Day in Taiwan's parliament
Just another day in Taiwan's parliament. Jeeze, and we thought Dick Cheney saying "fuck off" was a big deal.Scores of Taiwan legislators sprayed water, threw stacks of paper andexchanged punches in parliament on Tuesday due to disagreements over abill, again delaying passage of the long-overdue 2007 annual budget.(hat tip: Scott...
Tags: General
Blog posts 2007-05-09
An Introduction to Directors & Officers Liability
Directors and Officers Liability Insurance is designed to indemnify directors, senior executives and employees in respect of loss arising from claims made against them in the discharge of their duties on behalf of the company. Developments in statute introduced by parliament have not only broadened the scope of who may...
Tags: director
White papers 2004-02-10
Work Choices Reform Legislation
In December 2005, the Federal Parliament passed the Work Choices legislation, creating a new industrial relations landscape. The legislation is both expansive and complex. Some of the more significant changes include: simplifying the Australian Workplace Agreement system; removal of constitutional corporations from the state systems; setting of new minimum wages...
Tags: Mercer
White papers
What Now? Implications of LTA and Annuity Charges
In recent weeks there have been a few unexpected changes to the pending rules governing UK defined contribution (DC) pension plan provision, the implications of which are far from trivial. The Finance Bill and Pension Bill are progressing in a routine manner through the various stages of Parliament. As part...
Tags: Benefits, Watson Wyatt Worldwide, pension plan, annuity, finance
White papers 2004-07-01
Assessment of the Effects of Noise and Vibration From Offshore Wind Farms on Marine Wildlife
The UK Government is committed to new and renewable energy and is introducing a new Renewables Obligation that will succeed the Non-Fossil Fuel Obligation (NFFO). This will be introduced in the Utilities Bill currently progressing through Parliament and will require power suppliers to source a specified amount of the electricity...
Tags: Telecom & Utilities, renewable energy
White papers 2001-10-16
Paper General and Life Insurance Aspects of the FSRB
The introduction of the FSRB into Parliament was the culmination of almost two years of review, industry lobbying processes of submission and some blue sky dreaming on the part of Treasury. In addition to the expected changes to the regulation of financial service providers, the FSRB reaches further into corporate...
Tags: Financial Planning, Insurance, Financial accounting, life insurance, financial service, shareholder, financial, industry, phone
White papers 2001-04-05
The EU Reinsurance Directive: A Legislative Process to Watch and Influence
This article explains the new EU directive on reinsurance. The proposal for a directive on reinsurance has now reached its main legislative phase requiring parallel review and approval by both the European Parliament and the Council. The proposed rules, which intend to establish a harmonized EU prudential and supervisory framework,...
Tags: Insurance, reinsurance, European Union
White papers 2004-09-01
Minimum Paid-In Capital Requirements for Commercial Banks
For the purpose of ensuring further improvement of the Georgian banking system and the stable and sustainable functioning of commercial banks, as well as to bring the banking industry closer to international banking standards, while taking into account the country's economic interests, and under authority of Article 59 of the...
Tags: banking, foreign-exchange, bank
White papers 1998-07-09
Is There a Future for Pan-European Pension Funds?
Multinational employers in the European Union (EU) must consider a diverse range of fiscal and social welfare systems, different compensation practices, and conflicting cultural values when implementing pension strategies. They must also set up pension plans within each state, because of the different legislative systems, leading to fragmentation and inefficiency....
Tags: Benefits, Aon Corp., pension plan, compensation, strategy
White papers 2003-02-28
Innovation and Competition Policy
This report discusses an investigation into competition in the UK video games market conducted by the Monopolies and Mergers Commission (MMC), and presented to Parliament by the Secretary of State. Video games are electronic games played through a piece of hardware known as a console, that is then either plugged...
Tags: Games, Corporate communications, console, video game, game, video, TV, software, hardware
White papers 2003-03-01
The Future of Higher Education
The strategy covers Higher Education in England. Some issues are ?Reserved? matters for the UK parliament, and where the document deals with these, it will also affect Scotland, Wales and Northern Ireland. It sets out a vision for all Higher Education in England, including in Universities, University Colleges, Colleges of...
Tags: Education, England, Government, Business Structures, Finance
White papers 2003-01-01
Mergers and Acquisitions in Germany
National differences in corporate governance practices in Europe, such as board structures, shareholder structures, and labor participation rights, make it difficult to operate in the European cross-border mergers and acquisitions environment. Particularly thorny issues are "golden shares" and labor participation in corporate decision-making. The widespread use of golden shares among...
Tags: Financial accounting, Federal Reserve Bank of St. Louis, shareholder, corporate governance, M&A, decision-making, board, environment
White papers 2002-11-01
South Australia's New Chicken Meat Industry Legislation: A Balancing Act
Passage of the Chicken Meat Industry (CMI) Bill in the South Australian Parliament on 16 July, 2003, establishes a new standard of legislation in Australian primary industries to address the issue of market power concentration at the processor/grower functional level, and the consequent imbalance in bargaining power between processors and...
Tags: processor, industry
White papers 2003-10-17
The Creation of an Aviation Safety Reporting Culture in Danish Air Traffic Control
In 2001, a new law was passed by the Danish Parliament, mandating the establishment of a compulsory, strictly non-punitive, and strictly confidential system for the reporting of aviation incidents. A particular and perhaps unusual feature of this reporting system is that not only are employees (typically Air Traffic Controllers and...
Tags: NASA
White papers 2003-07-31
Darling Wants Lenders to Pass on Lower Rates
LONDON (Reuters UK) - Chancellor Alistair Darling will meet mortgage lenders on Tuesday to press them to cut the cost of home loans and look at ways of helping people refinance their mortgages. Speaking in parliament on Monday after the Bank of England initiated its...
Tags: Mortgage Company, Bank Of England, Mortgages, Finance, Capital Structures, Oukbs
News items 2008-04-21
Brown Heads Off Tax Rebellion
By Adrian Croft and Sumeet Desai LONDON (Reuters UK) - Prime Minister Gordon Brown made concessions on tax reform on Wednesday to end a rebellion by members of his own party which had threatened to further erode his authority. The government said it would look at...
Tags: Concession, Minister Gordon Brown, Taxes, Free Trade, Financial Planning, Finance, Oukbs, Tax
News items 2008-04-23
Grangemouth Strike May Halve N.Sea Oil Output
By Margaret Orgill and Daniel Fineren LONDON (Reuters UK) - A strike planned this weekend at a major Scottish refinery raised on Thursday fears of fuel disruption and will force the closure of the key Forties North Sea pipeline, halving Britain's crude oil output. Talks to...
Tags: Strike, British Petroleum Co Plc, Refinery, Grangemouth, Taxes, Free Trade, Government, Vertical Industries
News items 2008-04-24
Germany Criticises BoE Over Northern Rock
BERLIN (Reuters UK) - The Bank of England made a mistake last year in not pumping enough extra funding into money markets at the height of the mortgage crisis, German Finance Minister Peer Steinbrueck said on Friday. In an apparent reference to a run by depositors...
Tags: Bank, Financial Services, Oukbs, Steinbrueck
News items 2008-04-25
Two Monumental Airline Screwups -- One JetBlue Recovery
Not much love was flying JetBlue's way on Valentine's Day 2007. You remember the stories. Trapped in the teeth of a sudden storm, JetBlue customers were stranded on New York runways, some for more than six hours, and many were delayed days to reach their ultimate destinations....
Tags: Sean Silverthorne, JetBlue Airways Corp.
Blog posts 2008-04-04
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