BoE’s Anna Sweeney (Executive Director, Insurance) delivered a speech at the Association of British Insurers Prudential Regulation Webinar on how the UK will regulate insurance services post-Brexit. The speech focussed on three key issues:
- The UK’s role as a host for international insurance business;
- Actions the PRA can take to facilitate effective competition in the UK insurance sector domestically and internationally in conjunction with high prudential standards; and
- The PRA’s ongoing focus on international standard setting and policymaking, including in relation to climate change.