UK regulators ponder op risk charge for insurers

And it would look odd if under the planned harmonisation of the regulation of financial institutions, capital charges against op risk were applied to banks but not to insurance companies, says Paul Sharma, head of operational, insurance and group risk at the Financial Services Authority (FSA), the UK’s principle financial watchdog.

UK regulators have previously said insurers’ operational risk was likely to be supervised by regulatory oversight of firms rather than by capital charges.

The FSA

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