PRA Publish Solvency II Supervisory Approach
On 14 November, the UK’s Prudential Regulation Authority (PRA) published a public disclosure of Solvency II related regulations, the PRA’s supervisory approach and supervisory disclosures applicable to the year-end 2018. These are regulations primarily relevant to PRA authorised insurance companies and other insurance regulators.
Designed to foster transparency and accountability between supervisory authorities, the extensive material published includes aggregate statistical data on key aspects of the application of the prudential framework; a table covering the way that the regulators exercises its options provided for in the Solvency II Directive; links to the texts of insurance regulations applicable in the United Kingdom; and links to the PRA’s supervisory approach. There is a host of aggregate data published in templates A and B. Template C provides information about this regulators approach to its work. Now where are all the other similar reports from around Europe… (and the world)?
Read more here.