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The Standard Formula: A Guide to Solvency II – Chapter 3: Cross-Border Services and Overseas Branches | Skadden, Arps, Slate, Meagher & Flom LLP

(Re)insurance is a global business. It is common for (re)insurance groups to operate in a range of jurisdictions via: i. locally incorporated and authorised...
United Kingdom United States Freedom Of Services Passporting Branch Own Funds Financial Services Contracts Regime Threshold Conditions Financial Services

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The UK Consults on Clarification of the Requirements for Capitalisation of FX positions | Cadwalader, Wickersham & Taft LLP

The UK’s Prudential Regulation Authority (“PRA”) has published a consultation paper on the ‘Capitalisation of foreign exchange positions for market risk’ (CP17/23). CP17/23 proposes...
United Kingdom United Kingdom Prudential Regulation Authority Wickersham Taft Prudential Regulation Authority Supervisory Statement

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