The proposals would give the Bank of England wide-ranging powers to deal with acute failure scenarios, treating policyholder liabilities as loss-absorbing.
HM Treasury (HMT) is proposing1 a new UK resolution regime for...more
FSMA 2023 includes a court procedure for failing insurers to temporarily write-down liabilities, with implications for counterparties.
The recently passed Financial Services and Markets Act 2023 (FSMA 2023) provides for a...more
The post-Brexit Solvency II reform aims for a more competitive and dynamic insurance sector in the UK.
The UK government’s proposals to adapt the Solvency II regime more appropriately to the national insurance market have...more