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Bank of England Sets Out Reform of Insurance Capital Rules to Boost Investment

September 28, 2023

Britain set out plans on Thursday to ease key banking and insurance rules in the latest attempt to boost its vital financial sector following the country’s departure from the European Union.

Brexit has cut off Britain’s finance industry, which accounts for about 12% of UK economic output, from much of the EU and sector officials want the government to speed up reforms to help it remain globally competitive.

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