PRA signals shift to disclose individual carrier results of stress tests
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PRA signals shift to disclose individual carrier results of stress tests

PRA prudential reg.jpg

The Prudential Regulation Authority (PRA) has signalled a shift under Solvency II reforms to start disclosing results for individual insurers from stress tests, as it draws on new legal powers to enhance testing of carriers' financial resilience.

Gareth Truran, director for prudential policy at the PRA, said this new aspect of stress testing, which could start with the disclosure of individual results for life insurers where balance sheet vulnerabilities are most material, should “play an important...

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