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PRA chief executive says regulator not interested in adding to its responsibilities

By Jon Guy 2021-03-19T08:59:00

Sam Woods

Sam Woods denies ‘the caricature of a rampant regulator intent on crushing the industry under a slow motion avalanche of new capital requirements’, but acknowledges that ‘a changing world requires a tough but flexible regulatory regime’

UK insurers have been told that the regulatory changes that will arrive this year will not see any drop in standards, nor will it herald a rampant regulator.

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