Regulators reveal PRA approach

A companion paper will be published in June 2011 to cover the PRA's approach to supervising insurance companies. General insurance brokers will fall under the Financial Conduct Authority's remit.

Hector Sants, FSA chief executive and PRA chief executive designate, said: "The PRA's purpose is fundamentally different from that of previous regulatory regimes and will lead to a significantly different model of supervision to that which was in use pre-2007. In designing this new model we have

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