PRA invites post-Brexit transitional recalculations

UK regulator invites firms to recalculate smoothing effect to ease the pain of higher risk margin

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The Prudential Regulation Authority: open to TMTP changes

The Prudential Regulation Authority (PRA) has invited UK insurers to apply for a recalibration of their transitional measure on technical provisions (TMTP) after the sharp fall in long-term swap