CRA has published a report for the Financial Services Authority on commission disclosure in the UK commercial general insurance market. CRA was asked to examine the question of whether commission transparency (or lack thereof) within the commercial general insurance market leads to market failure and whether a mandatory commission disclosure regime (as opposed to the current “on request” disclosure) would generate benefits greater than the costs of intervention.
Managing private markets risk for US banks
The Bank of England’s (BoE’s) second System-Wide Exploratory Scenario (SWES) tests how stress in private equity (PE) and private credit (PC) could transmit...