Insurance supervision at the PRA
Speaking at London Business School, Sam Woods explores the Prudential Regulation Authority’s (PRA) role in maintaining “a resilient insurance sector which does not pass risks back to policyholders when they crystallise”.
Following the implementation of Solvency II, the Deputy Governor’s speech coincides with the publication of the Independent Evaluation Office’s (IEO) report on the PRA’s approach to its policyholder protection objective, alongside the PRA’s response.
Sam Woods, the deputy governor for Prudential Regulation’s speech concluded that “now is the ideal time to refresh our approach to insurance supervision”.
The Financial Conduct Authority (FCA) has published its final Mission document
The Prudential Regulation Authority (PRA) has published a policy statement on amendments and optimisations to the senior managers regime
The FCA has launched a public consultation on its mission, with the aim of generating a set of guiding principles for its future strategy