UK insurers might some day face op risk charges, regulator says

LONDON -- UK regulators might "a long way down the road" require capital charges from insurance companies specifically against operational risk, but they had no plans to do so at present or later, a senior regulator said in October.

Nevertheless, it was possible that at some stage in the future, under the new risk-based regulatory regime planned for UK insurers, that a simple standardised op risk charge could be introduced, said Clive Briault, director of prudential standards at the UK’s

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