(Re)insurers’ lobbying wins concessions from UK government
(Re)insurers will be regulated in a way that reflects the "distinct nature" of the risks they face, the UK government has said in a major boost for the UK insurance industry.
HM Treasury has published its White Paper on the future of financial regulation in the UK, which is being viewed positively by an industry that feared being swept up with banks in more intrusive regulation following the 2008-09 financial crisis.
Several clauses are outlined in the draft legislature that...
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