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Top related persons:
Andrew Griffith - 1 Nigel Farage - 1 Coutts - 1 Griffith - 1 it's - 1 David Milliken - 1 Huw Jones - 1 Mark Potter - 1
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Brexit Party - 1 NatWest - 1 Economic Affairs Committee - 1 Authority - 1 FCA - 1 Thomson - 1

Search resuls for: "Huw Jones David Milliken"


2 mentions found


☆ UK banks should not close accounts over customers' politics, minister says
  + stars: | 2023-07-04 | by ( Huw Jones David Milliken | Huw Jones | David Milliken | ) www.reuters.com   time to read: +2 min
LONDON, July 4 (Reuters) - British banks should have to serve a customer even if they disagree with his or her lawful political views, and should apply anti-money laundering checks proportionately, financial services minister Andrew Griffith said on Tuesday. Griffith was asked about his views on recent issues around banking services for politicians and other 'politically exposed persons' by the House of Lords' Economic Affairs Committee, which did not name Farage directly. Griffith said Britain's Financial Conduct Authority (FCA) now had powers under a new financial services law approved last week to revisit these rules. "The second thing that we've asked is that the FCA look at creating a domestic politically exposed persons (category) to reflect the lower category of risk associated with those whose affairs are wholly domestic," Griffith said. Reporting by David Milliken, Editing by Huw Jones and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Andrew Griffith, Nigel Farage, Coutts, Griffith, it's, David Milliken, Huw Jones, Mark Potter Organizations: Brexit Party, NatWest, Economic Affairs Committee, Authority, FCA, Thomson
☆ Bank of England says insurance reform must not repeat Equitable Life debacle
  + stars: | 2023-01-16 | by ( Huw Jones David Milliken | Huw Jones | David Milliken | ) www.reuters.com   time to read: +3 min
LONDON, Jan 16 (Reuters) - 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. "I will mention Equitable Life ... it can happen," Bailey added . Equitable Life, established in 1762, closed to new customers in 2000 and almost collapsed after making unsustainable guarantees to policyholders. The government, however, had made its decision on insurance reform and there was a need to move forward now, Woods said. The BoE wanted to be "very closely engaged" on the detail of those reforms, Woods said.
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