Brexit dims hopes for Solvency II change in UK

Having already changed its policy once, the PRA returns to its original position and pours cold water on the reform

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

The Prudential Regulation Authority’s decision not to reform the Solvency II risk margin for insurers, because of Brexit negotiations, could mean the regulation will go unchanged on a permanent basis, according to legal experts.

“It’s certainly possible the risk margin in its current form could be here to stay. If the UK thought leaving it unchanged is a price worth paying, considering the benefits of a comprehensive [Brexit] deal, the PRA might accept that. I think it’s clear that Chancellor

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]