Bank of England announces reforms to capital rules.
BANKING AND CREDIT NEWS-September 29, 2023--Bank of England announces reforms to capital rules
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Global Banking News - 29 September 2023
The Bank of England has announced a set of reforms to capital rules for insurers, Reuters.
According to Reuters, the central bank said that the reforms would unlock significant funds for investments in the economy. The Solvency II rule is expected to unlock billions of pounds of investment. The so-called matching adjustment seeks to ensure that assets held by insurers generate enough cash to...
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