UK PRA to consult on ISPV reforms, launch accelerated catastrophe bond pathway
The United Kingdom Bank of England’s Prudential Regulation Authority (PRA) expects to launch a consultation into its insurance special purpose vehicle (ISPV) regulatory regime, including introducing a new, accelerated pathway for catastrophe bond applications and a 10-day target for approvals. The moves are designed to enhance the regulatory environment for use of ISPV’s for insurance-linked […]
