Huw Jones
Reuters Top News
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Past articles by Huw:
Bank of England says insurers more likely to fail if capital cut rule goes ahead
Britain's proposals to loosen capital rules for insurers will increase the chances of an insurance company failing by 20% in a given year, the Bank of England has told lawmakers, reiterating its caution over the government's plan. → Read More
LSE Group targets Blackstone/Thomson Reuters stake buyback as raises outlook
London Stock Exchange Group announced plans to buy back more of its shares on Thursday as it raised its income growth outlook and hailed the successful integration of Refinitiv, which it said had supercharged its ability to generate cash. → Read More
European banks, asset managers study halving stocks settlement time
Banks and asset managers have set up a new task-force to study whether Europe should keep up with Wall Street by halving the time it takes to settle share trades. → Read More
EU calls for fast-track crypto capital rules for banks
Tough capital rules for banks holding cryptoassets must be fast-tracked in the European Union's pending banking law if Europe wants to avoid missing a globally-agreed deadline, the bloc's executive has said. → Read More
Britain begins post-Brexit asset management revamp, focus on liquidity
Britain set out plans on Monday for a post-Brexit review of its rules for the 11 trillion pound ($13.2 trillion) asset management sector, with a focus on bolstering liquidity after a near meltdown in funds used by pension schemes last September. → Read More
EY expects 'massive approval' in vote to split up company
Partners in EY are expected to give approval for spinning off the company's consulting arm and listing it on the stock market by the end of the year, a senior EY official said on Tuesday. → Read More
Britain sets out legislation to regulate buy-now-pay-later credit
Britain on Tuesday will set out draft legislation to regulate "buy now pay later" credit, saying the sector posed potential harm to consumers without thorough affordability checks. → Read More
Britons face 20,000 digital pound cap under Bank of England plan
Britons would be limited to 20,000 digital pounds ($24,000) each if the country goes ahead with a digital currency, Bank of England Deputy Governor Jon Cunliffe said on Tuesday. → Read More
Britain's first crypto regulations to set 'robust' standards
Britain's finance ministry plans "robust" regulations for crypto assets, following the collapse of crypto exchange FTX last year, which left millions of people nursing billions of dollars in losses. → Read More
UK accounting watchdog tightens scrutiny of ESG in company audits
Britain's accounting watchdog said on Monday it will monitor whether auditors were making spot checks on their compliance with environmental, social and governance (ESG) reporting requirements in company audits. → Read More
Ease capital rules on EU banks to boost lending, banking industry says
Banks in the European Union could increase lending by almost a third if regulators applied capital requirements in the same way as their U.S. counterparts, a study from the European Banking Federation and consultants Oliver Wyman said on Friday. → Read More
Industry body clarifies what happens when crypto derivatives crash
An industry body set out a global framework on Thursday for trading derivatives linked to cryptoassets to avoid FTX-style collapses sowing confusion over ownership. → Read More
EU court backs move to prise open bloc's decision making
European Union member states must grant public access to documents circulated in their working groups for adopting laws, an EU court ruled on Wednesday, as efforts to prise open the bloc's legislative machine make further progress. → Read More
EU lawmakers to vote on tighter crypto, ESG rules for banks
Banks would have to set aside a punitive amount of capital to cover holdings of cryptoassets under a draft law due to be voted on by lawmakers on Tuesday. → Read More
Analysis: Frankfurt 'STIRs' up euro clearing battle with London
Frankfurt expands derivatives clearing on Monday in an early test of how well European Union ambitions to lure trillions of euros of business from London could work in practice. → Read More
Brexit lifts number of million-euro-a-year bankers in EU, watchdog says
More Brexit-related relocations from London and rise in trading increased the number of bankers earning more than a million euros a year in the European Union by more than 40% in 2021, the bloc's banking watchdog said on Thursday. → Read More
BoE sceptical over digital pound as euro zone backs work on digital euro
Bank of England Governor Andrew Bailey questioned the need for a digital pound on Monday just as euro zone finance ministers backed further preparatory work on a digital euro. → Read More
Bank of England says insurance reform must not repeat Equitable Life debacle
Britain's proposed changes to capital rules for insurers could lead to the government having to bail out policyholders, as happened 20 years ago after the near-collapse of life assurance company Equitable Life, the Bank of England said on Monday. → Read More
Germany joins battle against EU ban on financial product commission
Banning commission-based sales of financial products from banks and insurers would be a "serious setback" to the European Union's capital market and limit choice for consumers, Germany's finance minister Christian Lindner has said. → Read More
UK watchdog fines Guaranty Trust bank over money-laundering controls
Britain's financial watchdog has fined the UK subsidiary of Nigeria's Guaranty Trust Bank 7.6 million pounds ($9.3 million) for what it said were further failures in its anti-money laundering systems and controls. → Read More