UK insurers’ op risk likely to fall under pillar-2 regime


LONDON -- The UK Financial Services Authority (FSA) is likely to use close supervision rather than capital charges to regulate operational risk in insurance companies, regulators said in early May.

They were commenting on a report issued by professional services firm KPMG urging that European regulators should develop a risk-based approach to capital adequacy in insurance companies, similar in principle to the Basle II banking accord.

The FSA, the UK’s principle financial watchdog, has already

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options

If you already have an account, please sign in here.

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 individual account here