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International

U.K.: Top insurance executives to be under scrutiny, central bank chief says

September 26, 2014 Reprints

Mark Carney, Governor of the Bank of England, has said that senior-most insurance officials will be scrutinized the same way as senior bankers, reports The Telegraph.

The move is a part of the central bank's proposals to strengthen the insurance sector. Top insurance executives must be accountable for their actions, said Mr. Carney, adding that large insurers should adopt a higher global standard.

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U.K.: Top insurance executives to be under scrutiny, central bank chief says

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