PRA and CPMA new prime regulators as FSA split into three
UK (re)insurers are to come under the regulatory control of a
new subsidiary of the Bank of England (BoE), provisionally entitled
the Prudential Regulation Authority (PRA), it emerged last week.
Financial Secretary to the Treasury Mark Hoban unveiled the new
regulatory body to the House of Commons as part of a comprehensive
overhaul of UK financial regulation, whose "flawed
architecture" he said needed reform.
Hector Sants, the present CEO of the Financial Services Authority
(FSA), will head up the new...
You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.
Purchase
Follow us:
