No guarantee Solvency II reforms will deliver £100bn economic boost: PRA CEO
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No guarantee Solvency II reforms will deliver £100bn economic boost: PRA CEO

Marcel Le Gouais
14 September 2023
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The Prudential Regulation Authority (PRA) cannot guarantee that Solvency II reforms will mean insurers deliver a £100bn boost to the UK economy via green infrastructure investments, the regulator's CEO Sam Woods has told MPs.

Facing questions from members of the Treasury sub-committee on financial services regulations, Woods and fellow PRA executives were grilled on how soon the British public would see the benefit of reforms to the Solvency II regime, and if £100bn...

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Marcel Le Gouais
Deputy Editor
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