UK regulator 'will not gold plate Solvency II' - Adams

Prudential Regulation Authority to copy wording 'as closely as possible'

Bank of England

New European guidelines to help insurers prepare for Solvency II will not be ‘gold plated' by the UK Prudential Regulation Authority (PRA) regulator and should not place an additional burden on many firms, a senior official from the PRA has said.

Speaking as the PRA set out how it would apply the preparatory measures from January 1, 2014, Julian Adams, deputy head of the authority, said insurers would not be required to go beyond the guidelines set out by the European Insurance and Occupational

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