FSA announces 2012/13 business plan

UK regulator confirms 15% budget increase but plans to cut costs in future


Lloyd's chairman slams SII implementation

"In the weeds" approach could damage London market, says John Nelson


Pension risk transfers to reach £50bn in 2012

Will build from last year's record level, says Hymans Robertson


Talks on expected profits in future premiums deadlocked

Industry and supervisors on task force fail to agree


Sants quits the FSA

Was due to become chief executive of PRA


Solvency II unlikely to spark wave of relocations, says Fitch

US equivalence talks critical, according to Skinner


Commission hits back at Solvency II critics

"The old American system gave us AIG", says Barnier spokesperson


"Solvency II is too complicated" says BoE's Tucker

He's also concerned insurers may become risky "shadow banks"


Van Hulle defends Solvency II

UK prime minister says the legislation is "ill thought-out"


German manoeuvring on Omnibus II raises hackles

Insiders say Berlin is trying to sneak through "early extrapolation" (of the future risk-free rate), which suits its insurance sector, and stifle other nations' support for matching premiums and counter-cyclical premiums. Feelings are running high ahead of the ECON vote on the directive, as Sarfraz Thind reports