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Tag Archives: valuation

Posted in Regulatory and legislative updates, UK

UK: Prudent Person Principle – PRA sets out its expectations

  On 18 September 2019, the Prudential Regulation Authority (the “PRA”) published Consultation Paper (“CP”) 22/19, which details its proposed expectations of firms investing in accordance with the Prudent Person Principle (“PPP”). Background The PPP can be found in Chapters 2 to 5 of the Investments Part of the PRA Rulebook, which transposes Article 132

Posted in Regulatory and legislative updates, UK

UK: A re-evaluation of Equity Release Mortgages – PRA Discussion Paper

On 31 March 2016 the Prudential Regulation Authority (PRA) published a discussion paper asking for views from firms and market participants on equity release mortgage (ERM) valuation, capital treatment, risk management and matters connected with the restructuring of ERMs under Solvency II. In particular, the PRA is seeking views on good practices for managing risks