PRA Helps Insurers Lower Solvency II Capital

Law360, London (April 28, 2017, 6:22 PM BST) -- The U.K. Prudential Regulation Authority directed insurers on Friday on how to minimize their exposure to tough new capital requirements being phased in under the European Union’s controversial Solvency II rulebook.

The regulator directed firms on how to keep their capital requirements down during bridging arrangements for the EU’s formidable capital rulebook for insurers, which officially came into force in January 2016.

Without a transitional arrangement to cushion them from new risk margins, insurers could face increased liabilities and therefore have to amass bigger capital reserves....
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.