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Blog
CP18/15 Corporate Governance: Board Responsibilities
The PRA has proposed a supervisory statement that seeks to outline some of the key aspects of good board governance to which the PRA attaches particular importance …
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Blog
Solvency II briefing for NEDs (and everyone else)
On 19 March the PRA held a briefing session on the role of NEDs in an internal model firm. As well as providing useful considerations for NEDs, the session included…
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Blog
FCA Business Plan 2015/16
Last week, the Financial Conduct Authority (FCA) published its business plan for the year 2015/16. In this blog, we summarise the FCA risk outlook, how the insuranc…
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Blog
Solvency II updates – exemptions and approvals
Prudential Regulation Authority (PRA) recently published a whopping 15 Solvency II related supervisory statements. Among these were statements on applying for exemp…
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Blog
PRA Feedback on Internal Models
Given that spring is just around the corner and with it the IMAP submission dates this letter provided some timely feedback for those working towards an IMAP date t…
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Blog
PRA Solvency II Directors Update January 2015
The PRA issued its latest Solvency II Directors’ update on 12 February. This covered, at a high level, a large variety of topics demonstrating the sheer numbers of …
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Blog
Recovery and Resolution Planning for Insurers
Over the last few months recovery and resolution planning for insurers has become an increasing area of interest for many following the issue of the PRA’s approach …
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Blog
Solvency II: Transitional measures on risk-free interest rates and technical provisions
On the 23 Jan 2015 the PRA published consultation paper CP3/15 looking at Solvency II transitional measures and the treatment of participations. The consultation p…
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Blog
How does Solvency II fit into EIOPA’s strategic priorities?
EIOPA’s strategic priorities for 2015 were outlined in a speech by Gabriel Bernardino in Nov 2014. On the agenda were Solvency II, pensions to EU citizens and consu…
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Blog
Skilled Person Panel Meeting
On 5 December 2014 the FCA and PRA held a skilled person panel briefing. There were two key messages that came out of the meeting which we look at in our latest blo…