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© Reuters. FILE PHOTO: The emblem of Financial institution of England is pictured through the Financial Coverage Report Information Convention at The Financial institution of England, in London, Britain November 3, 2022. REUTERS/Toby Melville/Pool
By Huw Jones
LONDON (Reuters) – Britain’s proposals to loosen capital guidelines for insurers will enhance the possibilities of an insurance coverage firm failing by 20% in a given yr, the Financial institution of England has informed lawmakers, reiterating its warning over the federal government’s plan.
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