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Johnson ‘impatient’ at pace of post-Brexit Solvency II reforms

Solvency II was one of the first pieces of regulation that the Treasury placed on the chopping block post Brexit

By Justin Cash
‘He keeps asking why it isn’t happening,’ sources told the Financial Times
‘He keeps asking why it isn’t happening,’ sources told the Financial Times Photo: Denis Doyle/Getty Images

The Bank of England and Boris Johnson are on a collision course over the future of Solvency II reforms, according to reports.

The prime minister is said to be frustrated over the cautious approach the Bank's regulatory arm is taking to the government's planned overhaul to the insurance sector rules, the Financial Timesreports.

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