Bank of England
PRA and BoE detail cost model for regulation
The Prudential Regulation Authority (PRA) and the Bank of England (BoE) have outlined the Standard Cost Model (SCM), a framework for estimating firms' operational compliance costs from regulatory changes.
Focus
Insurers face higher capital for funded reinsurance
The Prudential Regulation Authority (PRA) has proposed new capital requirements for funded reinsurance used by UK life insurers.
BOE proposes new rules for funded reinsurance risks
The Prudential Regulation Authority (PRA) has proposed targeted changes to rules for funded reinsurance exposures, aiming to address significant risks and support the UK life insurance market.
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Truran: BPA market growth brings risks, PRA proposes new rules
Bank of England's Gareth Truran highlighted significant growth and innovation in the Bulk Purchase Annuity (BPA) market, alongside emerging risks.
BoE's Gerken on mutuals: Growth needs strong risk management
Bank of England Executive Director Charlotte Gerken outlined progress in mutual supervision at the Building Societies Annual Conference.
Bank of England's Court: History, Role, and Evolution
The Bank of England's Court of Directors acts as its unitary board, overseeing strategy, budget, and policy committees.
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Bailey: UK banking regime to balance resilience, growth, innovation
David Bailey, Deputy Governor for Prudential Regulation at the Bank of England, outlined the Prudential Regulation Authority's (PRA) pipeline of reforms for bank capital and liquidity.
Faster Payments limit increase shifts volume from CHAPS
A Bank of England working paper finds significant payment substitution from CHAPS to Faster Payments following the 2022 transaction limit increase.
PRA finalises rule changes for fees, SDDT, model risk
The Bank of England's Prudential Regulation Authority (PRA) has finalised several low impact amendments to its Rulebook and policy materials.
SM&CR Phase 1 reforms enhance accountability flexibility
The Prudential Regulation Authority (PRA) has published its Phase 1 reforms to the Senior Managers and Certification Regime (SM&CR).
FCA, PRA streamline senior manager accountability rules
The Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) have confirmed reforms to streamline the Senior Managers and Certification Regime (SM&CR).
FPC lowers UK bank capital benchmark to 13 percent
The Bank of England's Financial Policy Committee has lowered its benchmark for system-wide Tier 1 capital requirements to 13 percent of risk-weighted assets.