UK could require more op risk capital from insurance firms from 2004


LONDON -- UK regulators could, from 2004, require insurance firms to hold more protective capital to guard against operational risks under new-risk based rules governing the safety of the UK financial services sector proposed in May by the country’s principal financial watchdog.

And as part of its reform of insurance regulation, the Financial Services Authority (FSA) wants to create a new proactive and risk-based reporting regime for insurance companies "that embraces the concept of ‘smarter

To continue reading...

You need to sign in to use this feature. If you don’t have a 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: