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...The BoE’s Prudential Regulation Authority, which supervises insurers, warned last year that the systematic use of so-called funded reinsurance deals posed “significant potential risks” to UK pension providers...
...The Bank of England’s Prudential Regulation Authority, which oversees insurers, previously raised concerns about superfunds and regulatory arbitrage, and said they should only be used as a stepping stone...
...The start of Wadhwani’s tenure as CEO was marred just a few months in by the resignation of the group’s chief financial officer James Turner in the wake of a conduct investigation....
...The relocation to east London would leave just one major City regulator in the heart of the UK’s historic financial district: the Prudential Regulation Authority in the Bank of England....
...The Prudential Regulation Authority declined to comment and the Financial Conduct Authority did not immediately respond to requests for comment....
...Metro would make big gains if the BoE’s Prudential Regulation Authority allowed the lender to follow its larger rivals in using its own models to prove that their mortgage loans were less risky than the...
...In a report on Tuesday, the Bank of England’s Prudential Regulation Authority, which carried out the consultation with the Financial Conduct Authority, said “a bonus cap is not routinely imposed in other...
...The Amlin unit was fined by the Prudential Regulation Authority in 2022 for risk-management failures that began before Mitsui Sumitomo’s ownership....
...Shares in Prudential fell 6 per cent by late-morning trading in London, against a broadly flat FTSE 100 index....
...stability and prudential regulation work (“Bernanke warns BoE must change”, Report, April 13)....
...the Financial Services Compensation Scheme between 2015 and 2022....
...Sam Woods, chief executive of the PRA, said in a statement: “If senior individuals fail to meet the Conduct Rules, as Mr Hunter did, it undermines the trust in financial institutions and the wider financial...
...Regulators the Financial Conduct Authority and Prudential Regulation Authority are already subject to frequent questioning by the House of Commons Treasury select committee, which launched a dedicated subcommittee...
...The advisory board includes Paul Achleitner, former Deutsche Bank supervisory board chair; Baroness Shriti Vadera, chair of insurer Prudential; former GCHQ director Sir Iain Lobban; Indian billionaire Sunil...
...Schwab and Prudential have in recent days divulged plans to cut about 2,000 and 240 positions, respectively....
...The result, says Fink, has been far more dynamism in the economy as traditional banks face prudential constraints — capital requirements, limits to business practices — designed to undercut marginal risk...
...On a forward earnings basis, Prudential trades at a discount to AIA and has done so for over a decade....
...Regulating individual financial companies was handed to the Prudential Regulation Authority, a new body set up inside the Bank of England, and a new Financial Policy Committee was set up to watch for system-wide...
...HOLD: Prudential (PRU) The Pru is enjoying a dramatic acceleration in growth especially in Asia, writes Julian Hofmann. Prudential has clearly decided to dispense with the kid gloves....
...The Financial Conduct Authority, the Prudential Regulation Authority and the Bank of England on Wednesday issued a joint consultation paper setting out proposals to strengthen oversight of providers to the...
...Wadhwani was confronted with a scandal just three months into his tenure when Prudential’s chief financial officer James Turner resigned following an investigation into his conduct....
...Simon Hills, director of prudential policy at banking lobby group UK Finance, said: “The financial system demonstrated resilience in 2023....
...However, the Financial Conduct Authority and Prudential Regulation Authority watchdogs should drop plans for new requirements for financial firms to report on their diversity data and set targets to improve...
...Financial repression is requiring banks to hold a significantly larger amount of government debt than is necessary for prudential purposes....
...The BoE’s Prudential Regulation Authority said the fine was the second highest it had ever imposed....
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