PRA to assess systemic risks across software firms and InsurTechs
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PRA to assess systemic risks across software firms and InsurTechs

Marcel Le Gouais
27 May 2022
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The Treasury and UK financial regulators are developing measures to manage the systemic risks posed by InsurTechs, cloud solutions providers and software providers to insurers and banks.

After indications from the Prudential Regulation Authority (PRA) earlier this year that it was starting to look at the risks posed by critical third parties for financial institutions, it has now spelled out how the regulators intend to act.

It...

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Topics

News London market Regulation InsurTech
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Marcel Le Gouais
Deputy Editor
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