PRA Publishes Speech On Solvency II Models, Bonus Caps And Governance

Author:Mr Howard S. Altarescu, Timothy T. Brown, Harry Denlegh-Maxwell, Francesca Drake, Edward G. Eisert, Steven J. Fink, David Griffiths, Craig Johnston, Douglas S. Mintz, Richard Moudiotis, Robert B. Moyle, Sushila Nayak, Katrina Murphy, David L. Ridenour, Paul F. Rugani, Katie Lieberg Stowe, Darren S. Teshima and Boris Volodarsky

On October 16, the Bank of England  (BoE) published a speech given by Andrew Bailey, BoE Deputy Governor, Prudential Regulation and Chief Executive Officer, Prudential Regulation Authority, that considered, among other things, the use of models under the Solvency II Directive, the merits of the CRD IV Directive bonus caps for bankers and reforms to the governance of banks...

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