Will Brexit herald greater tension between UK regulators and policy setters?

Channels: Regulation

Companies: PRA, Treasury

Tensions between the EU and the UK over their political and economic divorce have re-emerged, but once the deed is done, could tensions about Solvency II emerge within the UK, between its financial regulators and policy makers?

A panel session at Insurance Asset Risk 2020 EMEA, taking place online on 19 and 20 October, will explore the issue of policy, regulation and the outlook for the insurance industry post-Brexit.

While the Prudential Regulation Authority is driven by 'a zero-failure regime' that can be detrimental to competition, the UK Treasury will want to see an internationally competitive insurance industry post-Brexit.

As the UK government and its counterparts globally plot an economic recovery out of the COVID-19 disturbance, there is no doubt that Her Majesty's Treasury will want to see insurers play their part as investors. But how much appetite does the PRA have to let insurers invest in the types of assets the Treasury wants them to buy?

Join us on 19 and 20 October to hear our panel of experts discuss these issues, and take part in a discussion group on the topic.

Panellists: 

  • Andrew Bailey, Director of Financial Risk, Just Group plc
  • Hugh Savill, Director of Regulation, Association of British Insurers
  • Erik Vynckier, Chair of the research board of the Institute and Faculty of Actuaries & NED, Foresters Friendly Society

More information about the event is available here.

Vincent Huck