PRA pressure contributed to shelving of Lloyd's index

Intense scrutiny from UK regulator the Prudential Regulation
Authority (PRA) played a part in Lloyd's decision to shelve its
proposed market loss index, The Insurance
Insider understands.
Sources said that the PRA had concerns about the way the index
would operate, particularly in relation to potential market
manipulation, and pushed back hard on the Corporation's
plans.
In the face of the objections, and given the overriding
importance of addressing the issues thrown up by Brexit,
Lloyd's is un