Ioannis G. Asimakopoulos

Aug 24, 2023 | lexology.com | Geoffrey Maddock |Grant Murtagh |Kelesi Blundell |Alison Matthews |James Bourne |Ioannis G. Asimakopoulos

On 2 August 2023 HM Treasury published the response to its January 2023 consultation on a new Insurer Resolution Regime (IRR). In its consultation HM Treasury set out its proposal for legislative requirements that would give regulators additional tools and powers to manage the failure of (re)insurers in an orderly manner (to “resolve” an entity) where such a failure would have a wider impact on the financial system and policyholders.

Jun 12, 2023 | mondaq.com | Kelesi Blundell |Ioannis G. Asimakopoulos

Existing UK and EU capital requirements on cryptoasset exposures will soon be updated to reflect the new international standard published by the Basel Committee on Banking Supervision (BCBS). . The BCBS published its new standard on the prudential treatment of cryptoasset exposures on 16 December 2022 (BCBS Standard).

Jan 26, 2023 | lexology.com | Kelesi Blundell |Ioannis G. Asimakopoulos

On 19 December 2022 the Bank of England (“BoE“) published its annual report on Financial Market Infrastructures’ (“FMIs“) supervision which sketches the BoE’s work undertaken during 2021/22 and sets out its supervisory approach for 2022/23 (“Report“).