Prudential Regulation Authority (PRA)
PRA reveals approach to insurer regulation
The Bank of England and the Financial Services Authority have published a joint paper that sets out sets out the current thinking on how the future Prudential Regulation Authority will approach the supervision of insurers.
PRA insurance role to be outlined
The Prudential Regulation Authority has been confirmed as the supervisory body for insurance companies with a detailed guide on its work with the industry to be published next month.
ABI issues regulatory overlap warning
The Association of British Insurers has warned that the new financial regulatory authorities could lead to dual regulation for its members.
IUA highlights key regulatory challenges facing London Market
A regulatory maelstrom is taking up significant management time and compliance costs of London Market companies, according to the London Underwriting Association.
IUA highlights key regulatory challenges facing London Market
A regulatory maelstrom is taking up significant management time and compliance costs of London Market companies, according to the London Underwriting Association.
IUA warns of regulatory threat to London’s competitiveness
The International Underwriting Association has revealed its fears that a revamp of the UK regulatory structure could cost London its place as a worldwide financial services hub.
News analysis - regulation: Questions over reform
The latest consultation paper over regulation reform has left many questions unanswered. Amy Ellis talks to industry figures to find out more.
More details published on regulatory regime
A new approach to financial regulation: building a stronger system provides further detail on the government’s proposals to reform the framework of financial regulation in the UK.
FSA boss assuages fears over insurance regulation
Financial Services Authority chief executive Hector Sants has assured the UK insurance market the new regulatory landscape will see insurance retain a separate identity from the banking sector.
Motor Claims 2011: Adapting to change in the motor market
With the insurance industry suffering from reviews, increased legislation and the need for additional transparency, Brendan Keane looks at how the motor market can adapt and change to keep one step ahead.
CMS warns of cost of “twin peak regulation”
Law firm CMS Cameron McKenna has claimed that insurance companies will be hit hard by the Financial Services Authority’s Annual Funding Requirement due to the cost of the change in regulator.
Sants: PRA to have stronger failure focus
The Prudential Regulation Authority will be more focused on reducing the impact of firm failure than the Financial Services Authority, FSA chief executive Hector Sants has revealed.
BoE questioned over insurance expertise
Political consultancy firm Cicero has questioned the Bank of England's ability to govern the insurance sector.
Broking review of the year: A breakdown in momentum
2010 was a fairly low key year for the broking market, as the sector kept a low profile during the financial turmoil. Daniel Dunkley reports on the opportunities that were taken up and deals made.
Regulation - Life after the FSA: New beginnings
With the coalition government now set to see through its promise to abolish the FSA, Leigh Jackson reports on the possible consequences for the broking sector.
Insurers concerned over double regulatory burden
The lack of detail concerning the regulation of the Lloyd's market could mean insurers there have more influence than others over the eventual shape of their replacement regime for the Financial Services Authority.
Beachcroft warns of cost of reform
Dan Preddy, financial services litigation partner at Beachcroft, has responded to publication of the Treasury consultation paper on financial services regulation.
Insurers are rightly concerned about new regulatory framework
This is according to Paul Edmondson of law firm CMS Cameron McKenna, speaking about the Treasury Consultation Paper on the new financial regulatory framework announced today.
New financial regulation "will benefit all"
The Association of British Insurers' director of financial regulation and taxation, Peter Vipond, has spoken out in response to today’s Treasury consultation.
New regulator must understand differences
The insurance industry has claimed it must be distinguished from the wider financial services sector under the coalition government's widespread regulatory reform.
Regulatory reform will not hamper Solvency II
Financial Secretary to the Treasury Mark Hoban has denied suggestions the government's regulatory reform will hamper the UK's implementation of Solvency II.