UK's PRA fined Aviva’s UK Insurance Ltd $14M over Solvency II balance sheet miscalculation for 2023 and 2024, impacting the Aviva and DLG group.

Under the CRR 1 and as part of the prudential regulation of credit institutions, regulated firms, including banks, must comply with risk-based capital ratio requirements. Generally speaking, this ...

A draft of the Financial Services and Markets Act 2023 (Prudential Regulation of Credit Institutions) (Consequential Amendments) Regulations 2025 has been laid before the UK Parliament, and published ...

Revolut Bank UK Ltd has received regulatory approval from the Prudential Regulation Authority (PRA) to exit the mobilisation phase, and launch as a bank in the UK. The launch comes with an existing ...

The Prudential Regulation Authority (PRA), responsible for regulating UK banks, credit unions, and insurers, plans to increase its scrutiny of major cloud computing providers. Concerns stem from the ...

We consider a moral hazard economy in banks and production to study how incentives for risk taking are affected by the quality of supervision. We show that low interest rates may generate excessive ...

Prudential is the last remaining “systemically important financial institution,” and most observers expect that it will shed that designation by the end of the year. Processing Content Prudential’s ...

A couple of U.S. financial firms report they have been told they will likely be designated as systemically important to the U.S. financial system, meaning they will likely face tougher regulation.

The U.K. Treasury Friday named Britain’s top insurance regulator as the new head of the Bank of England’s bank supervision unit. Sam Woods will take up the post of chief executive of the Prudential ...