UK regulators ponder op risk charge for insurers


LONDON -- British regulators are deciding whether to impose a specific capital charge on insurance companies for operational risk under new risk-based rules aimed at making the UK insurance industry safer.

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 (FS

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