The chief executive of the Prudential Regulation Authority (PRA), Sam Woods, has used his response to the recent Treasury Select Committee report on the future regulatory framework for UK financial services to reiterate its belief that the UK must not become a “rule-taker” following Brexit.
News & Commentary
There are many reasons why the credit cycle will never look the same again as the Covid-19 pandemic has added new layers of central bank intervention on top of the legacy interventions from the global financial crisis.
The Prime Minister and Chancellor of the Exchequer have joined forces to challenge UK institutional investors to invest a greater proportion of their capital in long-term UK assets.
Normality has been re-defined by the pandemic and no-one is sure what the New Normal will look like as we rebuild our old world. Will all the pieces still fit? How will investment strategies have to evolve?
The UK’s post-Brexit shake-up of Solvency II is gathering pace as the Treasury and the Prudential Regulation Authority have both given the clearest indication yet of their objectives, writes David Worsfold.
The world’s largest reinsurance groups will breathe a very heavy collective sigh of relief when the Olympic Games open in Tokyo on Friday, writes David Worsfold.