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UK PRA seeks to raise banks’ and insurers’ fees around 4 percent

( March 19, 2015, 12:32 GMT | Official Statement) -- MLex Summary: The UK Prudential Regulation Authority wants the country’s largest insurers and banks to pay roughly 4 percent more in annual fees that cover their supervision costs. The PRA wants to increase its annual levy to 257.8 million pounds (around $380 million) this year — 11 million pounds more than last year’s levy.The following text is a statment. The consultation paper can be found in the attachement below the statement....

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