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Bank of England Aims to Loosen Rules for Lenders and Insurers

  • The Bank of England plans to relax rules for banks and insurers.
  • This move aims to address government demands to bolster economic growth without compromising on financial regulation.
  • The changes include freeing insurers from pre-emptive authorization of investments and lowering banks' reporting requirements.
  • These measures are expected to speed up investments by insurers and support the overall financial sector.

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