UK insurers’ approach to calculating prudential requirements should see regulators being “alert” to the risk that the institutions end up holding less capital, a senior Bank of England official said today. Charlotte Gerken, an executive director for insurance at the BOE, warned in a speech today that regulators “have to be
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Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.