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PRA to relax investment and reporting requirement rules for banks and insurers

Bank of England
Photo: Dan Kitwood/Getty Images

Hameed Shuja

1 min read
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New plans include retrospective authorization of investments, as well as cutting reporting requirements for banks.

The Bank of England has announced a set of new plans aimed at making it easier for insurers to invest, as well as cutting reporting requirements for banks.

The plans were announced by Sam Woods, head of the BoE’s Prudential Regulation Authority (PRA) during a meeting with a House of

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