PRA and FCA speeches recap the regulators’ work to deliver growth and enhance competitiveness, and outline some key upcoming policy work. On 17 October 2024, the PRA and the FCA both published ...
In its 2026 supervisory priorities, the Prudential Regulation Authority (PRA) has noted that UK insurers face an uncertain ...
On 22 April 2024, the Financial Conduct Authority (FCA), the Prudential Regulation Authority (PRA) and the Bank of England published their strategic approaches to regulating AI in response to the UK ...
The frequency of big bank supervisory meetings will be cut to every two years, as part of the Prudential Regulation Authority ...
Another key area of focus is delegated authority underwriting, where growth in this business model raises potential risks ...
The Prudential Regulatory Authority (PRA) has warned of “systemic risk” within the bulk annuity market as insurers compete for defined benefit (DB) pension schemes’ business. Specifically, the ...
On the go: The Prudential Regulation Authority has been criticised over its supervision of the insurance sector, and in particular the proposed transfer of £12bn of annuities by Prudential to Rothesay ...
UK regulators fined Citigroup 61.6 million pounds ($78.5 million) for controls failings in its trading operations, one of the biggest sanctions for systems breaches, which in one case saw the Wall ...
LONDON, Dec 11 (Reuters) - Large British life insurers would need to report their liquidity positions daily during market crises under new rules proposed on Wednesday by the Prudential Regulation ...