General Insurance Article - The PRA publish their regulatory round up


The Prudential Regulation Authority’s round-up of December’s news and publications includes:

 Details on new requirements to strengthen operational resilience in the financial services sector and an update on the Libor transition.

 The Bank of England, PRA and Financial Conduct Authority (FCA) published a press release and a joint foreword and summary on ‘Building operational resilience: Impact tolerances for important business services’. The PRA also published a related consultation paper (CP29/19 ‘Operational resilience: Impact tolerances for important business services’).

 Other publications this month include three Bank of England consultation papers relevant to financial market infrastructure and CP30/19 from the PRA on ‘Outsourcing and third party risk management’.

 The PRA also published a letter from Sam Woods: ‘The prudential regulatory framework and Libor transition’.

 Read the PRA Regulatory Digest - December 2019

Back to Index


Similar News to this Story

US insurers leading the AI arms race
New research from leading Insurtech provider, hyperexponential (hx), reveals that while insurers are energised by the potential of artificial intellig
Hurricanes and earthquakes could lead to USD300bn losses
Following the long-term annual growth trend of 5–7%, global insured natural catastrophe losses may reach USD 145 billion in 2025, mainly driven by sec
FCA set to launch live AI testing service
The FCA is seeking views from firms about how its live AI testing service can help them to deploy safe and responsible AI, which will benefit UK consu

Site Search

Exact   Any  

Latest Actuarial Jobs

Actuarial Login

Email
Password
 Jobseeker    Client
Reminder Logon

APA Sponsors

Actuarial Jobs & News Feeds

Jobs RSS News RSS

WikiActuary

Be the first to contribute to our definitive actuarial reference forum. Built by actuaries for actuaries.