Prudential Regulation Authority (PRA)
CEO of UK regulator to step down in June
Hector Sants, chief executive of the UK Financial Services Authority, has announced his intention to leave the organisation at the end of June 2012.
Lawyers respond to Sants' exit from the FSA
Mathew Rutter, regulatory partner at DAC Beachcroft, said that Hector Sants' departure from the Financial Services Authority at the end of June could not come "at a worse time" for regulated firms.
Sants set to quit FSA in June
The chief executive of the Financial Services Authority, Hector Sants, has announced his intention to leave the organisation at the end of June.
FSA's 'twin peaks' transition model welcomed, but further clarity sought
The Financial Services Authority's decision to create a 'twin peaks' operating model to mirror the upcoming regulator has been hailed as a "chance to get it right for the future".
FCA and PRA collaboration is the key, says Adams
Prudential Regulation Authority boss Julian Adams has pledged the organisation will collaborate with the Financial Conduct Authority to ensure the bodies do not duplicate work.
Industry associations back Government regulation reform
Insurance and broker associations have welcomed the Government’s proposed regulatory reforms in their consultation responses. However, they have also expressed concern its plans could be too “ambitious” and potentially cause delays.
Broking focus - Regulation: The new broom
The Financial Conduct Authority will assume responsibility for the regulation of brokers taking over from the Financial Services Authority at the end of 2012. The Institute of Insurance Brokers, the British Insurance Brokers' Association and the London &…
MPs for Financial regulation scrutiny panel unveiled
Half of a 12 member committee charged with scrutinising the government’s draft Financial Services Bill have been identified by the House of Commons.
Hoban addresses insurance community
This morning Mark Hoban, Financial Secretary to the Treasury gave a speech to the London 100 Group at the City of London Club.
News analysis - Regulation: The more things change
With detail emerging on what life under the Prudential Regulation Authority will look like, Mathew Rutter analyses the similarity of themes to the current approach and pinpoints potential problem areas.
ABI Conference: FSA and Eiopa clash over Bank of England role
The Financial Services Authority has clashed with the European Insurance and Occupational Pensions Authority over the Bank of England’s role in the regulation of the insurance sector.
Legal sector critical of FSA paper
The legal sector has reacted critically to the Financial Services Authority’s paper on the future of regulation for insurers.
PRA reveals approach to insurer regulation
The Bank of England and the Financial Services Authority have published a joint paper that sets out sets out the current thinking on how the future Prudential Regulation Authority will approach the supervision of insurers.
PRA insurance role to be outlined
The Prudential Regulation Authority has been confirmed as the supervisory body for insurance companies with a detailed guide on its work with the industry to be published next month.
ABI issues regulatory overlap warning
The Association of British Insurers has warned that the new financial regulatory authorities could lead to dual regulation for its members.
IUA highlights key regulatory challenges facing London Market
A regulatory maelstrom is taking up significant management time and compliance costs of London Market companies, according to the London Underwriting Association.
IUA highlights key regulatory challenges facing London Market
A regulatory maelstrom is taking up significant management time and compliance costs of London Market companies, according to the London Underwriting Association.
IUA warns of regulatory threat to London’s competitiveness
The International Underwriting Association has revealed its fears that a revamp of the UK regulatory structure could cost London its place as a worldwide financial services hub.
News analysis - regulation: Questions over reform
The latest consultation paper over regulation reform has left many questions unanswered. Amy Ellis talks to industry figures to find out more.
More details published on regulatory regime
A new approach to financial regulation: building a stronger system provides further detail on the government’s proposals to reform the framework of financial regulation in the UK.
FSA boss assuages fears over insurance regulation
Financial Services Authority chief executive Hector Sants has assured the UK insurance market the new regulatory landscape will see insurance retain a separate identity from the banking sector.
Motor Claims 2011: Adapting to change in the motor market
With the insurance industry suffering from reviews, increased legislation and the need for additional transparency, Brendan Keane looks at how the motor market can adapt and change to keep one step ahead.
CMS warns of cost of “twin peak regulation”
Law firm CMS Cameron McKenna has claimed that insurance companies will be hit hard by the Financial Services Authority’s Annual Funding Requirement due to the cost of the change in regulator.
Sants: PRA to have stronger failure focus
The Prudential Regulation Authority will be more focused on reducing the impact of firm failure than the Financial Services Authority, FSA chief executive Hector Sants has revealed.