Carney spells out ‘right ideas’ for insurance regulation
BoE governor sketches three-pronged approach
Mark Carney, the governor of the Bank of England, used a speech to insurers to set out the ways in which the central bank's approach to insurance regulation will be changing.
Speaking at the Institute and Faculty of Actuaries General Insurance Conference in Wales, Carney said there would be three main strands to forthcoming regulation: "tailored, consistent and robust" capital standards; a regime that "holds the right people to account"; and global standards for insurers that are globally
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