UK's PRA fined Aviva’s UK Insurance Ltd $14M over Solvency II balance sheet miscalculation for 2023 and 2024, impacting the Aviva and DLG group.

The Prudential Regulation Authority (PRA) in the UK has fined U K Insurance Limited (UKI Limited) £10m ($14m) after the company miscalculated figures on its solvency II balance sheet for 2023 and 2024 ...

The PRA revealed that UK Insurance Limited (UKI) misstated its balance sheet during 2023 and 2024. This was attributed to ...

The Prudential Regulation Authority (PRA) has imposed a financial penalty of £10,625,000 on U K Insurance Limited (UKI Limited) due to a miscalculation of its Solvency II balance sheet during 2023 and ...

The U.K. Prudential Regulation Authority has published a Dear CEO letter addressed to non-systemic U.K. banks and building societies setting out proposals for improvement on resolvability and recovery ...

Prudential Regulation Authority finalises amendments to its framework for credit unions investing in credit union service organisations ...

Aviva, which acquired Direct Line for GBP3.7 billion, said: "The PRA has acknowledged that DLG and, subsequent to completion of the acquisition, Aviva, have co-operated with their investigation in an ...

The Bank of England’s PRA will launch the next life insurance stress test in January 2028, after consulting firms through 2026 and finalizing ...

The Bank of England has unveiled a sweeping package of reforms aimed at easing the regulatory burden on smaller and mid-sized banks, marking a major shakeup of the post-financial crisis rulebook. The ...

The transformation of prudential data is rapidly becoming one of the most significant structural changes in banking ...

Revolut Bank UK Ltd has received regulatory approval from the Prudential Regulation Authority (PRA) to exit the mobilisation phase, and launch as a bank in the UK. The launch comes with an existing ...