PRA pushes on with recovery plans for domestic insurers

Firms asked to tackle sources of intragroup interconnectedness

The Bank of England

The UK prudential regulator has asked complex insurance groups to carry out resolvability assessments and put in place elements of recovery plans – the first move by a supervisor to extend global recovery and resolution requirements to domestic insurers.

The Prudential Regulation Authority (PRA) has asked firms to map sources of interconnectedness within their groups and assess the impact of these in a major stress event, according to experts familiar with supervisory discussions.

Recovery and r

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: