View more on these topics

ABI welcomes G20 agreement

The Association of British Insurers has welcomed the G20 agreements reached in London yesterday.

ABI director general Stephen Haddrill says the G20 statement outlining its commitments to ensure an open world economy, strong markets and effective financial institutions is move in the right direction.

He says: “The important challenge now is for national governments and regulators to follow fine words with sensible measures which ensure effective regulation and prevent protectionism.

“The EU has a vital role to play here in protecting the single market. The EU and the Financial Stability Forum will need to stick to the principles of modern markets and not try and reinvent older forms of regulation that belong to past eras.”

However, according to Haddrill the UK and London have most to lose.

He says: “Particularly if the fine words of today become the shackles of the future. With the ABI’s members controlling 15 per cent of the UK’s capital, the ABI will be vigilant in monitoring how our authorities rise to this challenge.”


FTSE closes below 4,000

The FTSE 100 has closed below 4,000 after mining stocks reined back the index from earlier gains made in the banking sector.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm