Paolo Cadoni

Vice Chair, IAIS Policy and Development Committee
Head, Insurance Policy Division, Bank of England

Paolo joined the Bank of England (formerly FSA) in 2004 where he has held a succession of posts both in banking and insurance. He is currently the Head of the Insurance Policy Division in the Prudential Policy Directorate leading on PRA/Bank of England’s input into the International Association of Insurance Supervisors’ (IAIS) Policy Development Committee (PDC) and Macroprudential Committee (MPC). In the past, he also led the Bank of England’s input into the European Insurance and Occupational Pensions Authority’s (EIOPA) Committees.

Since January 2018 Paolo is the Vice-Chair of the IAIS PDC and since March 2013 he is the Chair of the IAIS Capital Solvency and Field Testing Working Group in charge of developing and field testing the Basic Capital Requirement (BCR), Higher Loss Absorbency (HLA) and Insurance Capital Standard (ICS). In the past, Paolo also chaired the EIOPA Internal Models Committee.

Until March 2009 he was also responsible for the FSA’s policy development and implementation of the internal model method (IMM) for counterparty credit risk for banks and investment firms. He also represented the FSA in the Overall Capital and Quantitative Impact Study Working Group of the Basel Committee on Banking Supervision and led the FSA’s work on QIS5.

Prior to becoming a regulator Paolo worked as a financial modeller in the oil and power sector.

He holds a Ph.D. in Finance from the ICMA Centre and an MSc in Econometrics from Southampton University.