Solvency II over-complicated says BoE deputy governor - papers

clock

A deputy governor of the Bank of England has launched an outspoken attack on new European regulations that he warns could create further financial crises.

Paul Tucker, who is in charge of financial stability at the Bank, says he and his colleagues are "dismayed" by the costs that insurers face to comply with planned European Union insurance capital rules, known as Solvency II, from 2014, reports the Independent. READ MORE...

 

More on Insurer

LV= pays out almost £137m in 2024

LV= pays out almost £137m in 2024

£2m increase year-on-year

Cameron Roberts
clock 30 April 2025 • 2 min read
L&G launches third CMO report instalment

L&G launches third CMO report instalment

Covers return-to-work outcomes

Jaskeet Briah
clock 30 April 2025 • 1 min read
Steve Bridger to join Aviva GI

Steve Bridger to join Aviva GI

Matt McGill to takes the role

Cameron Roberts
clock 28 April 2025 • 1 min read

Highlights

COVER Survey: Advisers damning of protection insurer service levels

COVER Survey: Advisers damning of protection insurer service levels

"It takes longer than ever to get underwriting terms"

John Brazier
clock 12 October 2023 • 5 min read
Online reviews trump price for young people selecting life and health cover

Online reviews trump price for young people selecting life and health cover

According to latest ReMark report

John Brazier
clock 11 October 2023 • 2 min read
ABI members with staff neurodiversity policy nearly doubles

ABI members with staff neurodiversity policy nearly doubles

Women within executive teams have grown to 32%

Jaskeet Briah
clock 10 October 2023 • 3 min read