Regulators quizzed on authorisations and competitiveness by Lords committee
Prudential Regulation Authority CEO Sam Woods has said there is "probably" scope to authorise a greater number of insurance entities in response to questions from a House of Lords select committee about the proportionality of regulation faced by market entrants.
Giving evidence to the Industry and Regulators Committee on Tuesday, Woods said that the PRA had authorised 41 new entities since it was set up in 2013, including 23 insurance companies, 11 managing
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