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Insurance regulatory news, January 2021 | Hogan Lovells

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Recent regulatory developments of interest to insurers and their intermediaries. See also our General regulatory news in the Related Materials links.
Contents
General insurance pricing practices: FCA Q&A
COVID-19: FCA information on flood and storm claims
COVID-19: EIOPA consults on ORSA supervisory statement
End of Brexit transition period: Lloyd s underwriters trading rights
Cyber risk underwriting: IAIS report on challenges and supervisory considerations for sustainable market development
Solvency II: PRA CP1/21 on deep, liquid and transparent assessments, and GBP transition to SONIA
The UK Prudential Regulation Authority (PRA) has published a consultation paper, CP1/21, on deep, liquid and transparent (DLT) assessments and GBP transition to the Sterling Overnight Index Average (SONIA) under the Solvency II regime. CP1/21 is relevant to all UK Solvency II firms, including in respec ....

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Strengthening The Financial System To Meet The Challenge Of Climate Change, Federal Reserve Governor Lael Brainard At "The Financial System & Climate Change: A Regulatory Imperative" Hosted By The Center For American Progress, Washington, D.C.

Strengthening The Financial System To Meet The Challenge Of Climate Change, Federal Reserve Governor Lael Brainard At The Financial System & Climate Change: A Regulatory Imperative Hosted By The Center For American Progress, Washington, D.C.
Date
18/12/2020
I want to thank the Center for American Progress for inviting me to join you in discussing climate change and the U.S. financial system.1 Let me start by noting these are my own views and do not necessarily reflect those of the Federal Reserve Board or the Federal Open Market Committee.
Climate change and the transition to a sustainable economy have important implications for the financial system. The financial system can be a powerful enabler to help the private sector manage climate-related risks and invest in the transition. It is vitally important to strengthen the U.S. financial system to meet the challenge of climate change. ....

United States , New York , Puerto Rico , United Kingdom , City Of , San Francisco , Jacob Bradt , Paul Wilson , Frederic Samama , Julien Sauvagnat , Mark Carney , Diana Hancock , Francisco Covas , Lucia Bevere , Harrison Hong , John Schindler , Robert Kopp , Elizabeth Mattiuzzi , Michael Oppenheimer , Patrick Bolton , Richardv Reeves , Yongyang Cai , Steven Ongena , Nami Mukasa , Renee Koury , Michael Delgado ,