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Disliked insurance reforms won’t be achieved by regulator through stealth, BOE’s Woods says

By Fiona Maxwell ( February 21, 2023, 10:01 GMT | Insight) -- If the UK Parliament agrees to government reforms regarding a capital calculation for insurers, the regulator will implement it without trying to achieve tougher standards through the back door, chief prudential regulator Sam Woods said at an industry dinner. Woods has previously warned that the "fundamental spread" threatens the safety of policyholders and increases risks in the insurance sector. A fight over insurance capital reforms will not result in the UK regulator seeking to impose tougher requirements by the backdoor, chief prudential regulator Sam Woods said....

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