BOE News

Bank of England Survey Bolsters View of Weaker UK Economy

Growth slowed across British business services and consumer spending eased last month, a Bank of England survey showed, offering a more mixed picture of the economy than some of the gloomier indicators since June’s Brexit vote. The BoE released some …

Group of UK Insurers Win BOE Approval for Solvency II Capital Requirements

Prudential Plc, Aviva Plc and Legal & General Group Plc are among large U.K. insurers to win Bank of England approval of the models they use to calculate capital requirements under the European Union law known as Solvency II. The …

California BOE to Accept Cash From Medical Marijuana Operators

Medical cannabis business owners may pay their tax liability to the California State Board of Equalization in cash. The payers need to secure a seller’s permit from the BOE and submit a written request. BOE district offices will work with …

Bank of England to Rule on Risk Models as Insurers Prepare for Solvency II

The Bank of England will issue its verdict in December on the models insurance companies use to quantify risk and determine capital requirements as the industry prepares for the new European Union rules known as Solvency II. “I consider it …