BoE’s PRA should clarify approach to insurance, report says

boe-bank-of-england-web
BoE told to improve its communication with the insurance industry with regard to policyholder protection

A report from the Bank of England’s Independent Evaluation Office (IEO) has uncovered flaws in the way the Bank of England’s Prudential Regulation Authority (PRA) articulates its approach and communicates with the insurers it regulates.

Published today (March 20), the report examines whether the PRA is taking an “appropriate approach” with regard to the insurance sector, for which the regulator was given responsibility in 2013.

“The current, incomplete, articulation raises a number of

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.