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UK Insurance: PRA (12 June 2017)

OAC Digest
Governance, risk & compliance, Life insurance, Non-Life, PRA / Bank of England

12 June 2017

Selected recent news from the UK's prudential regulator: 

On 6 June, the PRA updated the Remuneration Policy Statement (RPS) documents. In April, the PRA published PS7/17 'The PRA's expectations on remuneration' and SS2/17 'Remuneration'. Refer to "Supervisory activities - Remuneration Rules" webpage on the PRA's website for more detail.

On 21 April, the PRA published the 2017 stress test scenario for firms not participating in the 2017 concurrent stress test. The PRA "publishes a macroeconomic scenario for the United Kingdom to serve as a guide and, where relevant, as a severity benchmark, for firms designing their own scenarios for Pillar 2 capital planning stress tests".

David Gray

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David Gray
Consultant Actuary

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