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What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication | July 13, 2016
The Basel Committee of the Bank for International Settlements (Basel Committee) sets international capital standards but those standards must be adopted by individual countries to have any legal effect. As a result, the standards are only as good as enacted in each individual country. Actions taken after the recent economic crisis to strengthen the global financial system included adoption of an enhanced capital surcharge, called the higher loss absorbency (HLA) requirement, imposed on the banking organizations designated as the world’s global systemically important banks (G-SIBs).
A Basel Committee assessment team recently evaluated the HLA requirement in the jurisdictions in which the current G-SIBs are headquartered: United States, China, European Union, Japan and Switzerland. In some cases, these countries have gone beyond the standards to be even more protective of their financial stability. This month’s column will discuss how each of these countries, and in particular the United States, measures up to the international standards.
Download the full article: Measuring up to international capital standards
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
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