The PRA has published a new webpage on strengthening accountability in banks and insurance firms. The webpage sets out the key policy developments relating to the new senior managers’ and certification regimes and the new conduct rules.
The webpage also sets out the following timeline of future developments:
- 27 March 2015: Consultation paper to cover technical issues for the senior insurance managers’ regime, including new forms and transitional arrangements and a consultation paper for a streamlined senior insurance managers’ regime for smaller insurers that are out of scope of Solvency II;
- Q2 2015: Policy Statement and final rules to complete the senior mangers’ regime for UK firms, and substantively the senior insurance managers’ regime for Solvency II insurers; and
- Q2 2015: Policy Statement and final rules to complete the senior insurance managers’ regime for Solvency II insurers and Policy Statement and final rules for the streamlined senior insurance managers’ regime for smaller insurers.
View Strengthening accountability, 20 March 2015
