News

‘Appears to be sensible’ – Reaction as PRA launches Solvency II reform consultation

By 2023-07-03T11:04:00

HM Treasury

’The measures will reduce bureaucracy, facilitate competition, and support UK economic growth and competitiveness’ says PRA chief executive

The Prudential Regulation Authority’s (PRA) has produced a “sensible” consultation on a major set of reforms to the Solvency II framework in the UK, according to KPMG UK insurance partner Huw Evans.

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