PRA Publishes Speech on Solvency II Models, Bonus Caps and Governance

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PRA Publishes Speech on Solvency II Models, Bonus Caps and Governance

On October 16, the financial institution of England (BoE) printed an address provided by Andrew Bailey, BoE Deputy Governor, Prudential Regulation and Ceo, Prudential Regulation Authority, that considered, amongst other things, using models underneath the Solvency II Directive, the merits from the CRD IV Directive bonus caps for bankers and reforms towards the governance of banks and insurers. Speech.

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