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PRA: Solvency II update

09 May 2025 United Kingdom 1 min read

Following its decision to delay the implementation of Basel 3.1, PRA has reconsidered the timeline to finalise the policies consulted on in CP13/24 and now intends to publish final policy relating to its credit quality steps mapping proposals in a PS in H2 2025.  PRA expects to implement final policy for insurance-related credit quality steps mapping no earlier than 1 January 2026.



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