Insurance companies across the EU have a set of rules from the EC to protect policy holding citizens and that they can survive a financial crisis. Solvency 2 rules are a standard framework for insurance companies offering products like; reinsurance, life, and no life insurance. The laws target the insurance sector in being transparent, competitive and comparability to promote better consumer reliability.

Solvency 2 was amended by the EC to remove obstructive channels for investments on long-term projects and infrastructure. The insurance firms are unwilling in insuring large infrastructure project, … Read more

The EC adopted an action plan on FinTech.  The term FinTech refers to the new technologies impact in the industry of financial services, and the action plan is to enhance an innovative EU financial sector and it to be more competitive.

The innovations of FinTech enable it to be implemented all over the EU in preparing the financial sector to take advantage of investment opportunities brought by technology. Its primary benefit is to guarantee consumer protection and maintaining a risk-free financial single market for consumer financial services.

The EC aims … Read more

There are new measures from the European Commission (EC) to strengthen the Capital Markets Union (CMU) and the Banking Union (BU). These reforms are intended to develop supervision of financial markets and secure a stable financial institution. EC launched the CMU and the BU action plan with the aim of developing a single market in the EU and its member states for a diverse, more rooted and improved capital market that stimulates better jobs and economic growth.

The action plan has achieved progress in its initial steps in making a … Read more

When incorporating financial and forex industry, it can be both hard and dull or even both. What makes trading simple when financial forex goals? Financial marketers would tell you that you need to stay up-to-date with the trends within the world of currency trading especially when indulging in a contract for difference trading while forex traders will tell you that you need good management which involves making a good and simple for the benefit of growing your business to enhance trading performances. With that being said financial and forex industry … Read more