Regulator rings alarm bells about ditching Solvency II
The Prudential Regulation Authority has warned MPs that ditching Solvency II requirements will increase the risk of an insurer going bust and the taxpayer being forced to pick-up the bill.
Sam Woods, chief executive of the Prudential Regulation Authority, told the Treasury select committee yesterday that the City watchdog and the government had “different views” on how a Brexit bonfire
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