boe speech, 2024-10-17
This spectacular row, which I think one or two politicians rather enjoyed and which the PRA lost hands-down, rather obscured the fact that the entire rest of the reform package we have delivered is focused on competitiveness and growth, stripping unnecessary bureaucracy out of the regime in numerous ways (for example, we have cut reporting requirements faced by insurers by around a third) and supporting insurers in making investments into the economy by widening the set of assets for which the matching adjustment applies.
Sentiment: neutral
Topic: mp_credit