Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.
Selected Insights by Fiona
A mammoth fine dished out to Commerzbank by the UK financial services regulator is a taste of things to come, as fraud is driven by Covid-19.
Insurer Hiscox is being sued by a group of EU businesses for failing to pay out for a coronavirus hit to business.
Major UK banks may have acquiesced yesterday to a Bank of England request to ditch dividend payments amid the Covid-19 crisis. But on a further request to withhold lucrative staff bonuses they have been conspicuously quiet. How far they will try to resist remains to be seen.
The financial services industry is scrambling to persuade policymakers around the world that there is no need to close markets, despite daily tumbles in stocks. But their fate may have already been sealed.
European banks are seeing impending regulations and information demands cast aside, as their supervisors clear the decks for lenders to focus on leading the economic fight against coronavirus.