It has now been two months since the PRA opened a consultation on the eligibility of unfunded guarantees as a form of credit risk mitigation for banks. The consultation will remain open for responses for two and a half more weeks – until 16 May 2018. Although the consultation relates to banking regulation, the consultation
The Government consultation on changes to liability and insurance cover to accommodate automated car technologies closed recently. Barely a week later, the House of Lords has launched its own inquiry into driverless vehicles. The Science and Technology Committee of the House of Lords proposes to examine what the Government is doing to support the development
The Department for Transport’s Centre for Connected and Autonomous Vehicles (CCAV) has begun a consultation on its proposed changes to the law surrounding liability for accidents and insurance cover to accommodate automated car technologies. Increased use of automated car technologies will shift the nature of insurance claims. The increased safety of driverless cars should greatly
Earlier this month, the PRA completed a consultation on Policyholder Protection (CP21/14). New rules are expected to take effect in July 2015.
The current Insurance Block Exemption Regulation (IBER) expires on 31 March 2017, and the European Commission is required to report to the Council and European Parliament by March 2016 on the functioning and future of the IBER. To facilitate the preparation of this report, the Commission has issued a consultation seeking views on the IBER,