PRUDENTIAL AUTHORITY PROPOSES AMENDMENTS TO LIQUIDITY RISK RETURN FOR NON-LIFE INSURERS

PRUDENTIAL AUTHORITY PROPOSES AMENDMENTS TO LIQUIDITY RISK RETURN FOR NON-LIFE INSURERS

• 25 July 2023
• Financial Sector
• SA Legal Academy

The Prudential Authority is in the process of amending its standard for liquidity risk management, apparently known as FSI 6. This is according to a notice calling for input on proposed amendments to the liquidity risk return for non-life insurers. The standard itself is applied when calculating the liquidity shortfall of an insurer as ‘an indicator of the potential magnitude of the liquidity risk (to which) an insurer may be exposed … under severe stress’.

Stakeholders have until 1 September 2023 to comment, using the template provided.

• notice
• Standard FSI 6
• proposed amendments to the return
• comment template

Published by SA Legal Academy Policy Watch

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