European Commission
EIOPA : publishes a Discussion Paper on Investments
The European Insurance and Occupational Pensions Authority (EIOPA) invites market participants and (re)insurance stakeholders to provide their feedback on its “Discussion Paper on Standard...
European Commission temporarily approves aid to Alpha Bank, EFG Eurobank, Piraeus Bank and National Bank of Greece
The European Commission has temporarily approved, under EU state aid rules, a bridge recapitalisation provided by the Hellenic Financial Stability Fund (HFSF) in favour...
BIBA : concerns with the revision of Insurance Mediation Directive
The European Commission has published a revised Insurance Mediation Directive (IMD II), outlining changes to insurance broker regulation across Europe.
The British Insurance Brokers’ Association...
EIOPA : reply to the European Commission’s Green Paper on shadow banking
EIOPA welcomes the opportunity to respond to the European Commission’s Green Paper on Shadow Banking. EIOPA believes the Green Paper is a good starting...
Europe : boosting confidence and growth by putting consumers at the heart of the Single Market
Consumer expenditure, amounting to 56% of EU GDP, reflects the enormous power of the consumer to drive forward the European economy.
Only empowered and confident...
Joint Committee of ESAs launches public consultation on the FICOD review
The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA) is launching a three‘month public consultation on the proposed response to the...
BIBA : the European Commission could enforce mandatory commission disclosure by 2019
The British Insurance Brokers’ Association (BIBA) is warning brokers that the revision of the Insurance Mediation Directive (IMD) could result in both mandatory disclosure...
Fitch Ratings : Solvency II sovereign risk charges unlikely in near term
Solvency II is unlikely to incorporate revised capital risk charges for European Economic Area sovereign bonds in the near term, as the European Commission...
Europe : responsible business can foster more growth
The European Commission presented a package of measures to support entrepreneurship and responsible business, with the idea that a responsible approach to business means...
Britain : residency test discriminates against EU citizens
Britain is discriminating against citizens from other EU nations by subjecting them to a residency test before they can get certain social security benefits,...
Health / court : an overweight man in court to fight for stomach surgery
A British man weighing 22 stone (139 kilograms, 306 pounds) launched a court appeal Monday against a decision to refuse him state-funded obesity surgery...
Europe to knock down barriers for disabled
The one in six Europeans with a disability should be able to cross EU borders carrying a single card offering bloc-wide entitlements from next...
EU ‘monitoring situation’ after US travel alert
The European Commission said Sunday it was "monitoring the situation" after US authorities urged Americans traveling in Europe to remain vigilant about potential terrorist...
Royal Bank of Scotland Insurance is to close offices and cut staff
The company is set to close 14 of its 27 offices by 2013. The places earmarked for closure include the Direct Line call centre...
Dutch insurer Aegon to repay state aid
Dutch insurer Aegon said Tuesday it planned to repay the last two-thirds of a three-billion-euro cash injection it received from the state in October...
EU states must not foot all health bills during trips: court
A European country is not obliged to foot the entire health bill of a national who gets unexpected hospital care during a visit to...
Philippine tourism sector hit by European air ban
A European Commission ruling that Philippine airlines are unsafe has dealt a major blow to the tourism sector, the Southeast Asian nation's tourism minister...
ING announces terms for Euro 7.5 billion rights issue
Dutch bank and insurance group ING announced on Friday it would issue 1.7 billion new shares at 4.24 euros (6.3 dollars) apiece to raise...
ING to separate banking and insurance and authorize a rights issue of up to EUR 7.5 billion
The Extraordinary General Meeting (EGM) of ING Groep N.V. today voted in favour of all proposals put forward to the meeting. The EGM approved...
ING CEO comments after restructuring plan approved by European Commission
ING announced today that the European Commission has formally approved the restructuring plan submitted by ING. Under European rules, companies that received state support...
