global financial risks News

BoE’s Carney Cites China’s Financial System as Risk to Global Financial Stability

China’s financial system poses one of the bigger risks to global financial stability, Bank of England Governor Mark Carney said in an interview with the BBC to mark the 10th anniversary of the global financial crisis. Carney also cited domestic …

Liberty Specialty Markets Taps Equinox Global’s Paton as European Head of GFR

Liberty Specialty Markets (LSM), the London-based subsidiary of Liberty Mutual Insurance Group, has appointed Alexandra Paton as head of Continental Europe for Global Financial Risks (GFR). Paton will be based in both Paris and London. She will report directly to …

Global Regulators Call for Closer Regulation of Financial Firms

Financial industry regulators need better coordination in the event of a big multinational financial institution failing or breaching compliance rules, the world’s top supervisory bodies have concluded in a survey. Arrangements for handling failures of diverse financial groups are inadequate …

Liberty Syndicates Name Sprent to Head Global Financial Risks

Liberty Syndicates Management, a member of Liberty Mutual Group, announced that Peter Sprent, an experienced political risk and trade credit underwriter, will be joining Liberty Syndicates at Lloyd’s to lead its Global Financial Risks team. Chief Underwriting Officer, Matthew Moore …